Zacks Investment Research upgraded shares of Peak Resorts, Inc. (NASDAQ:SKIS) from a sell rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “
Other research analysts have also recently issued research reports about the stock. Robert W. Baird restated a buy rating and issued a $6.00 target price on shares of Peak Resorts in a report on Tuesday, September 19th. B. Riley restated a buy rating on shares of Peak Resorts in a report on Wednesday, November 1st. Macquarie cut shares of Peak Resorts from an outperform rating to a neutral rating and cut their target price for the stock from $7.00 to $5.00 in a report on Wednesday, July 19th. FBR & Co restated a buy rating and issued a $6.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Finally, Oppenheimer Holdings, Inc. restated a buy rating and issued a $7.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $6.17.
Shares of Peak Resorts (NASDAQ SKIS) remained flat at $$5.15 during midday trading on Tuesday. 15,500 shares of the company were exchanged, compared to its average volume of 51,240. Peak Resorts has a fifty-two week low of $4.00 and a fifty-two week high of $6.20. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.22 and a current ratio of 1.29.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.07). Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The business had revenue of $7.50 million for the quarter, compared to the consensus estimate of $7.22 million. During the same quarter in the previous year, the business earned ($0.56) earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. equities research analysts predict that Peak Resorts will post 0.05 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Thursday, October 26th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend was Wednesday, October 25th. Peak Resorts’s dividend payout ratio (DPR) is currently -127.27%.
Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after acquiring an additional 46,801 shares in the last quarter. Rutabaga Capital Management LLC MA boosted its holdings in Peak Resorts by 51.1% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock valued at $5,133,000 after acquiring an additional 423,609 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Peak Resorts by 148.8% in the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock valued at $326,000 after acquiring an additional 44,774 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Peak Resorts by 5.2% in the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after acquiring an additional 9,704 shares in the last quarter. Finally, Spark Investment Management LLC bought a new stake in Peak Resorts in the second quarter valued at $251,000. Institutional investors and hedge funds own 46.71% of the company’s stock.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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