Zacks Investment Research Lowers Peak Resorts (SKIS) to Sell

Peak Resorts (NASDAQ:SKIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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. “

Several other brokerages have also issued reports on SKIS. Oppenheimer reiterated a “buy” rating and issued a $7.00 target price on shares of Peak Resorts in a research report on Friday, December 8th. B. Riley reiterated a “buy” rating and issued a $6.00 target price on shares of Peak Resorts in a research report on Friday, December 8th. Stifel Nicolaus lifted their target price 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. ValuEngine upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, FBR & Co reiterated a “buy” rating on shares of Peak Resorts in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $6.22.

Shares of Peak Resorts (SKIS) opened at $5.20 on Tuesday. Peak Resorts has a 52-week low of $4.00 and a 52-week high of $6.20. The company has a market cap of $72.71, a price-to-earnings ratio of -16.25 and a beta of 1.11. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.11.

Peak Resorts (NASDAQ:SKIS) last announced its earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The company had revenue of $8.84 million during the quarter, compared to analyst estimates of $8.64 million. During the same quarter last year, the business earned ($0.57) EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities analysts expect that Peak Resorts will post 0.05 EPS for the current year.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake 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 worth $116,000 after buying an additional 12,895 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of 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 buying an additional 44,774 shares in the last quarter. Sterneck Capital Management LLC lifted its stake in shares of Peak Resorts by 13.3% in the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock worth $1,307,000 after buying an additional 28,467 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after buying an additional 162,100 shares in the last quarter. Finally, Summer Road LLC lifted its stake in shares of Peak Resorts by 38.4% in the third quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock worth $8,380,000 after buying an additional 534,092 shares in the last quarter. 45.06% of the stock is currently owned by hedge funds and other institutional investors.

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About Peak Resorts

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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