Peak Resorts, Inc. (NASDAQ:SKIS) has been assigned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $6.33.
A number of analysts recently weighed in on SKIS shares. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. FBR & Co restated a “buy” rating on shares of Peak Resorts in a report on Tuesday, October 24th. Oppenheimer restated a “buy” rating and set a $7.00 target price on shares of Peak Resorts in a report on Friday, December 8th. 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 research report on Friday, December 8th. Finally, ValuEngine upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 17th.
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Peak Resorts by 93.8% during 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 during the period. Essex Investment Management Co. LLC raised its holdings 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 acquiring an additional 44,774 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 acquiring an additional 162,100 shares during the last quarter. Rutabaga Capital Management LLC MA raised its holdings in shares of Peak Resorts by 51.1% during the second quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock valued at $5,133,000 after acquiring an additional 423,609 shares during the last quarter. Finally, Summer Road LLC raised its holdings in shares of Peak Resorts by 38.4% during the third quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after acquiring an additional 534,092 shares during the last quarter. Institutional investors own 44.92% of the company’s stock.
Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.02). The firm had revenue of $8.84 million during the quarter, compared to the consensus estimate of $8.64 million. Peak Resorts had a negative return on equity of 1.83% and a negative net margin of 0.95%. Peak Resorts’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.57) EPS. equities research analysts anticipate that Peak Resorts will post 0.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 25th will be given a $0.07 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $0.28 annualized dividend and a dividend yield of 4.96%. Peak Resorts’s dividend payout ratio (DPR) is presently -87.50%.
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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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