ValuEngine Downgrades Peak Resorts (SKIS) to Sell

ValuEngine Downgrades Peak Resorts (SKIS) to Sell

ValuEngine cut shares of Peak Resorts (NASDAQ:SKIS) from a hold rating to a sell rating in a research note published on Thursday.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Peak Resorts from a hold rating to a buy rating and set a $5.75 price target on the stock in a research note on Wednesday, December 13th. Oppenheimer reiterated a buy rating and set a $7.00 price target on shares of Peak Resorts in a research note on Friday, December 8th. B. Riley reiterated a buy rating and set a $6.00 price target on shares of Peak Resorts in a research note on Friday, December 8th. Stifel Nicolaus boosted their price target on shares of Peak Resorts from $6.00 to $7.00 and gave the stock a buy rating in a research note on Friday, December 8th. Finally, FBR & Co reiterated a buy rating on shares of Peak Resorts in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Peak Resorts presently has an average rating of Hold and a consensus price target of $6.22.

Peak Resorts (NASDAQ SKIS) opened at $5.25 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.11. The company has a market cap of $72.71, a price-to-earnings ratio of -16.94 and a beta of 1.11. Peak Resorts has a one year low of $4.00 and a one year high of $6.20.

Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.02). The business had revenue of $8.84 million during the quarter, compared to analyst estimates of $8.64 million. Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.57) earnings per share. equities research analysts anticipate that Peak Resorts will post 0.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, January 25th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, January 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.33%. Peak Resorts’s dividend payout ratio (DPR) is -90.32%.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 12,895 shares during the period. Sterneck Capital Management LLC boosted its holdings in Peak Resorts by 13.3% during the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock worth $1,307,000 after buying an additional 28,467 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Peak Resorts by 148.8% during the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after buying an additional 44,774 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Peak Resorts during the fourth quarter worth about $382,000. Finally, Vanguard Group Inc. boosted its holdings in Peak Resorts by 63.0% during the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after buying an additional 162,100 shares in the last quarter. Institutional investors and hedge funds own 45.06% 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.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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ValuEngine downgraded shares of Peak Resorts (NASDAQ:SKIS) from a hold rating to a sell rating in a research note published on Thursday.

Several other brokerages also recently issued reports on SKIS. B. Riley reaffirmed a buy rating on shares of Peak Resorts in a report on Wednesday, November 1st. Stifel Nicolaus upped their price target on shares of Peak Resorts from $6.00 to $7.00 and gave the company a buy rating in a report on Friday, December 8th. Zacks Investment Research downgraded shares of Peak Resorts from a hold rating to a sell rating in a report on Wednesday, October 18th. Oppenheimer reaffirmed a buy rating and issued a $7.00 price target on shares of Peak Resorts in a report on Friday, December 8th. Finally, FBR & Co reaffirmed a buy rating on shares of Peak Resorts in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $6.22.

Shares of Peak Resorts (NASDAQ SKIS) opened at $5.25 on Thursday. The company has a market cap of $72.71, a PE ratio of -16.94 and a beta of 1.11. Peak Resorts has a fifty-two week low of $4.00 and a fifty-two week high of $6.20. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.11.

Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.02). The company had revenue of $8.84 million for the quarter, compared to analysts’ expectations of $8.64 million. Peak Resorts had a negative return on equity of 1.83% and a negative net margin of 0.95%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.57) EPS. analysts forecast that Peak Resorts will post 0.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 25th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Wednesday, January 24th. Peak Resorts’s dividend payout ratio (DPR) is presently -90.32%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Peak Resorts by 93.8% in the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock valued at $116,000 after purchasing an additional 12,895 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Peak Resorts in the fourth quarter valued at about $382,000. Essex Investment Management Co. LLC lifted its stake in shares of Peak Resorts by 148.8% during the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock valued at $326,000 after buying an additional 44,774 shares during the period. Sterneck Capital Management LLC lifted its stake in shares of Peak Resorts by 13.3% during the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock valued at $1,307,000 after buying an additional 28,467 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Peak Resorts by 63.0% during the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after buying an additional 162,100 shares during the period. 45.06% of the stock is currently owned by institutional investors.

WARNING: “ValuEngine Downgrades Peak Resorts (SKIS) to Sell” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/19/valuengine-downgrades-peak-resorts-skis-to-sell.html.

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.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

Receive News & Ratings for Peak Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peak Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

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