Peak Resorts, Inc. (NASDAQ:SKIS) has received a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.25.
A number of analysts have commented on SKIS shares. Macquarie lowered shares of Peak Resorts from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Peak Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. FBR & Co reiterated a “buy” rating and issued a $6.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Stifel Nicolaus reiterated a “buy” rating on shares of Peak Resorts in a report on Thursday, September 7th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $7.00 target price on shares of Peak Resorts in a report on Thursday, September 7th.
Peak Resorts (SKIS) traded up $0.37 during mid-day trading on Friday, reaching $4.85. 16,038 shares of the company’s stock were exchanged, compared to its average volume of 41,304. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 2.77. Peak Resorts has a 52 week low of $3.90 and a 52 week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data 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 firm had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.22 million. During the same period in the prior year, the company posted ($0.56) earnings per share. Peak Resorts’s quarterly revenue was up 5.6% compared to the same quarter last year. sell-side analysts predict that Peak Resorts will post 0.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 26th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, October 25th. This represents a $0.28 dividend on an annualized basis and a yield of 5.77%. Peak Resorts’s dividend payout ratio is currently -127.27%.
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Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased 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 worth $732,000 after buying an additional 46,801 shares during the last quarter. Rutabaga Capital Management LLC MA increased 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 worth $5,133,000 after buying an additional 423,609 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in Peak Resorts by 23.9% in the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after buying an additional 5,808 shares during the last quarter. Russell Investments Group Ltd. increased 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 worth $805,000 after buying an additional 9,704 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new position in Peak Resorts in the second quarter worth approximately $251,000. Hedge funds and other institutional investors own 47.55% 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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