Peak Resorts Inc (NASDAQ:SKIS)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.93 and traded as low as $10.86. Peak Resorts shares last traded at $10.86, with a volume of 700 shares changing hands.
A number of analysts have recently weighed in on SKIS shares. Stifel Nicolaus lowered Peak Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Janney Montgomery Scott lowered Peak Resorts from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded Peak Resorts from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Wednesday, July 3rd. ValuEngine upgraded Peak Resorts from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, TheStreet upgraded Peak Resorts from a “d+” rating to a “c-” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Peak Resorts presently has a consensus rating of “Buy” and a consensus target price of $7.08.
The company has a debt-to-equity ratio of 2.63, a current ratio of 1.10 and a quick ratio of 1.05. The company’s 50 day simple moving average is $6.07.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Thursday, June 27th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.28. The firm had revenue of $85.46 million during the quarter, compared to analyst estimates of $76.27 million. Peak Resorts had a return on equity of 14.31% and a net margin of 4.83%. On average, equities research analysts forecast that Peak Resorts Inc will post -0.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 25th will be given a $0.07 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.28 dividend on an annualized basis and a yield of 2.58%. Peak Resorts’s payout ratio is 62.22%.
Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in Peak Resorts by 11.6% in the fourth quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock worth $417,000 after purchasing an additional 9,250 shares during the period. Pinnacle Associates Ltd. increased its position in Peak Resorts by 13.9% in the first quarter. Pinnacle Associates Ltd. now owns 102,579 shares of the company’s stock worth $467,000 after purchasing an additional 12,500 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Peak Resorts by 25.8% in the first quarter. Oppenheimer & Co. Inc. now owns 103,229 shares of the company’s stock worth $470,000 after purchasing an additional 21,196 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.
About Peak Resorts (NASDAQ:SKIS)
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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