ValuEngine upgraded shares of Peak Resorts (NASDAQ:SKIS) from a sell rating to a hold rating in a research note issued to investors on Friday, November 17th.
A number of other brokerages also recently weighed in on SKIS. Zacks Investment Research raised Peak Resorts from a sell rating to a hold rating in a research report on Tuesday, November 14th. FBR & Co reaffirmed a buy rating and issued a $6.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. B. Riley reaffirmed a buy rating on shares of Peak Resorts in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a buy rating and issued a $6.00 target price on shares of Peak Resorts in a research report on Tuesday, September 19th. Finally, Oppenheimer reaffirmed a buy rating and issued a $7.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $6.17.
Peak Resorts (NASDAQ:SKIS) traded up $0.05 during trading hours on Friday, hitting $5.10. The company had a trading volume of 7,025 shares, compared to its average volume of 49,056. 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 has a twelve month low of $4.00 and a twelve month high of $6.20.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.07). The business had revenue of $7.50 million for the quarter, compared to analyst estimates of $7.22 million. Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. Peak Resorts’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.56) EPS. analysts anticipate that Peak Resorts will post 0.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Thursday, October 26th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Wednesday, October 25th. Peak Resorts’s dividend payout ratio (DPR) is currently -147.37%.
Several hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC boosted its stake in shares of Peak Resorts by 23.9% in the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock valued at $123,000 after buying an additional 5,808 shares during the period. Russell Investments Group Ltd. lifted 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 purchasing an additional 9,704 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Peak Resorts by 93.8% during the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after purchasing an additional 12,895 shares during the last quarter. Pinnacle Associates Ltd. lifted 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 purchasing an additional 22,960 shares during the last quarter. Finally, Renaissance Technologies LLC lifted 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 purchasing an additional 46,801 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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