FBR & Co restated their buy rating on shares of Peak Resorts, Inc. (NASDAQ:SKIS) in a report released on Tuesday morning.
A number of other brokerages have also recently commented on SKIS. Zacks Investment Research cut shares of Peak Resorts from a hold rating to a sell rating in a research report on Wednesday, September 13th. Robert W. Baird restated a buy rating and set a $6.00 price objective on shares of Peak Resorts in a research report on Tuesday, September 19th. Oppenheimer Holdings, Inc. restated a buy rating and set a $7.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th. Macquarie cut shares of Peak Resorts from an outperform rating to a neutral rating and cut their price objective for the stock from $7.00 to $5.00 in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus restated a buy rating on shares of Peak Resorts in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $6.17.
Shares of Peak Resorts (NASDAQ:SKIS) traded down 1.98% during trading on Tuesday, hitting $4.95. 14,105 shares of the company’s stock were exchanged. Peak Resorts has a 12-month low of $3.90 and a 12-month high of $6.20. The company has a 50-day moving average of $4.58 and a 200-day moving average of $4.84. The company’s market cap is $69.21 million.
Peak Resorts (NASDAQ:SKIS) last issued its earnings results on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.07). The business had revenue of $7.50 million during the quarter, compared to analyst estimates of $7.22 million. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. Peak Resorts’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.56) earnings per share. On average, equities analysts expect that Peak Resorts will post $0.07 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Thursday, October 26th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Wednesday, October 25th. Peak Resorts’s dividend payout ratio (DPR) is presently -127.27%.
A number of hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC boosted its stake in Peak Resorts by 23.9% during 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 period. Russell Investments Group Ltd. boosted its stake in Peak Resorts by 5.2% during 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 period. Pinnacle Associates Ltd. boosted its stake in Peak Resorts by 29.5% during the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after buying an additional 22,960 shares during the period. Renaissance Technologies LLC boosted its stake in Peak Resorts by 56.5% during 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 period. Finally, Spark Investment Management LLC purchased a new position in Peak Resorts during the second quarter worth about $251,000. 47.55% of the stock is owned by institutional investors.
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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