Peak Resorts Inc (SKIS) Receives Consensus Rating of “Buy” from Analysts

Shares of Peak Resorts Inc (NASDAQ:SKIS) have received a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $6.33.

Several research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Peak Resorts in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus increased their price objective on shares of Peak Resorts from $6.00 to $7.00 and gave the stock 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, Oppenheimer reiterated a “buy” rating and set a $7.00 price objective on shares of Peak Resorts in a report on Friday, December 8th.

Peak Resorts (NASDAQ SKIS) remained flat at $$5.20 during trading hours on Tuesday. 13,500 shares of the stock were exchanged, compared to its average volume of 31,691. The company has a market capitalization of $72.71, a PE ratio of -16.25 and a beta of 1.11. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.74 and a current ratio of 0.79. Peak Resorts has a 52-week low of $4.00 and a 52-week high of $6.20.

Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.57) earnings per share. equities analysts anticipate that Peak Resorts will post 0.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Thursday, January 25th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Wednesday, January 24th. Peak Resorts’s dividend payout ratio (DPR) is presently -87.50%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC increased its position in Peak Resorts by 148.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after purchasing an additional 44,774 shares in the last quarter. Summer Road LLC increased its position in Peak Resorts by 38.4% during the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock worth $8,380,000 after purchasing an additional 534,092 shares in the last quarter. Sterneck Capital Management LLC increased its position in Peak Resorts by 13.3% during the 4th quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock worth $1,307,000 after purchasing an additional 28,467 shares in the last quarter. Vanguard Group Inc. increased its position in Peak Resorts by 63.0% during the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after purchasing an additional 162,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Peak Resorts by 93.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after purchasing an additional 12,895 shares in the last quarter. 45.06% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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