ValuEngine upgraded shares of Peak Resorts (NASDAQ:SKIS) from a hold rating to a buy rating in a research report sent to investors on Tuesday, ValuEngine reports.
A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Stifel Nicolaus set a $9.00 target price on Peak Resorts and gave the company a buy rating in a research note on Friday, June 28th.
NASDAQ SKIS opened at $5.10 on Tuesday. Peak Resorts has a 1-year low of $3.75 and a 1-year high of $5.55. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a 50-day moving average of $4.33. The company has a market cap of $77.04 million, a price-to-earnings ratio of 11.32 and a beta of 0.88.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Thursday, June 27th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.28. Peak Resorts had a return on equity of 14.31% and a net margin of 4.83%. The company had revenue of $85.46 million during the quarter, compared to analyst estimates of $76.27 million. On average, sell-side analysts anticipate that Peak Resorts will post -0.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Thursday, July 25th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Wednesday, July 24th. Peak Resorts’s payout ratio is 62.22%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKIS. Stifel Financial Corp raised its position in Peak Resorts by 11.6% during the 4th quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock valued at $417,000 after purchasing an additional 9,250 shares during the last quarter. Pinnacle Associates Ltd. raised its position in Peak Resorts by 13.9% during the 1st quarter. Pinnacle Associates Ltd. now owns 102,579 shares of the company’s stock valued at $467,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Peak Resorts by 25.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 103,229 shares of the company’s stock valued at $470,000 after purchasing an additional 21,196 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.
About Peak Resorts
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.
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