Peak Resorts, Inc. (NASDAQ:SKIS) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.20.
Several research firms have recently issued reports on SKIS. Stifel Nicolaus decreased their target price on Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, June 23rd. Robert W. Baird restated a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a research report on Tuesday. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $7.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. FBR & Co restated a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. Finally, Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 24th.
In other Peak Resorts news, major shareholder Cap 1 Llc acquired 152,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average cost of $4.82 per share, for a total transaction of $734,568.00. Following the transaction, the insider now owns 1,416,013 shares of the company’s stock, valued at $6,825,182.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 803,753 shares of company stock valued at $4,165,497 over the last quarter. 16.52% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Rutabaga Capital Management LLC MA grew its position in shares of Peak Resorts by 51.1% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock valued at $5,133,000 after purchasing an additional 423,609 shares during the period. Vanguard Group Inc. grew its position in shares of Peak Resorts by 63.0% in the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after purchasing an additional 162,100 shares during the period. Russell Investments Group Ltd. grew its position in shares of Peak Resorts by 5.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after purchasing an additional 9,704 shares during the period. Renaissance Technologies LLC grew its position in shares of Peak Resorts by 56.5% in the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after purchasing an additional 46,801 shares during the period. Finally, Bard Associates Inc. grew its position in shares of Peak Resorts by 0.5% in the 1st quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock valued at $673,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 47.55% of the company’s stock.
Peak Resorts (NASDAQ:SKIS) traded up 2.35% during trading on Friday, hitting $4.35. 39,149 shares of the stock traded hands. The firm’s 50-day moving average is $4.78 and its 200 day moving average is $5.05. Peak Resorts has a 52 week low of $3.90 and a 52 week high of $6.20. The stock’s market cap is $60.82 million.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.07). The firm had revenue of $7.50 million during the quarter, compared to analyst estimates of $7.22 million. Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. Peak Resorts’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.56) earnings per share. Equities research analysts forecast that Peak Resorts will post $0.07 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Peak Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peak Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.