Peak Resorts (NASDAQ:SKIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “

A number of other equities research analysts have also recently weighed in on the stock. Oppenheimer reiterated a “buy” rating and set a $7.00 price target on shares of Peak Resorts in a research report on Friday, December 8th. B. Riley restated a “buy” rating and issued a $6.00 price objective on shares of Peak Resorts in a report on Friday, December 8th. Stifel Nicolaus lifted their price objective 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. ValuEngine upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, FBR & Co restated a “buy” rating on shares of Peak Resorts in a report on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $6.22.

Shares of Peak Resorts (SKIS) opened at $5.10 on Thursday. Peak Resorts has a 12-month low of $4.00 and a 12-month high of $6.20. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 2.77.

Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.73%. The company had revenue of $8.84 million for the quarter, compared to analyst estimates of $8.64 million. During the same quarter in the prior year, the business earned ($0.57) earnings per share. Peak Resorts’s revenue was up 4.0% on a year-over-year basis. equities analysts forecast that Peak Resorts will post 0.07 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew 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. Essex Investment Management Co. LLC lifted its stake in Peak Resorts by 148.8% in the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after acquiring an additional 44,774 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Peak Resorts by 29.5% in the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after acquiring an additional 22,960 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after acquiring an additional 46,801 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Peak Resorts by 5.2% in the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock worth $805,000 after acquiring an additional 9,704 shares during the last quarter. Hedge funds and other institutional investors 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.

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Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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