Shares of Peak Resorts Inc (NASDAQ:SKIS) have received an average recommendation of “Buy” from the six analysts that are covering the firm. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.67.
SKIS has been the topic of a number of recent research reports. Zacks Investment Research cut Peak Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 5th. FBR & Co reissued an “outperform” rating and set a $9.00 price objective on shares of Peak Resorts in a report on Saturday, March 11th. Finally, Janney Montgomery Scott reissued a “positive” rating on shares of Peak Resorts in a report on Monday, February 6th.
A number of institutional investors have recently made changes to their positions in SKIS. Rutabaga Capital Management LLC MA acquired a new position in shares of Peak Resorts during the first quarter worth $4,680,000. Russell Investments Group Ltd. purchased a new position in shares of Peak Resorts during the fourth quarter valued at approximately $927,000. Renaissance Technologies LLC raised its position in shares of Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after buying an additional 46,801 shares during the period. Spark Investment Management LLC purchased a new position in shares of Peak Resorts during the third quarter valued at approximately $163,000. Finally, Pinnacle Associates Ltd. raised its position in shares of Peak Resorts by 15.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 78,219 shares of the company’s stock valued at $434,000 after buying an additional 10,679 shares during the period. Institutional investors and hedge funds own 50.33% of the company’s stock.
Shares of Peak Resorts (NASDAQ:SKIS) opened at 4.90 on Monday. Peak Resorts has a 12-month low of $3.18 and a 12-month high of $6.20. The company’s 50 day moving average is $5.61 and its 200 day moving average is $5.43. The firm’s market capitalization is $68.51 million.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, March 9th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.12. Peak Resorts had a negative net margin of 5.16% and a negative return on equity of 8.05%. The firm had revenue of $56.40 million for the quarter, compared to analysts’ expectations of $54.55 million. During the same period in the prior year, the company earned $0.26 EPS. The firm’s quarterly revenue was up 45.7% on a year-over-year basis. On average, analysts forecast that Peak Resorts will post $0.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Tuesday, April 18th were paid a $0.07 dividend. The ex-dividend date was Thursday, April 13th. This represents a $0.28 dividend on an annualized basis and a yield of 5.71%.
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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