Robert W. Baird reissued their buy rating on shares of Peak Resorts, Inc. (NASDAQ:SKIS) in a research note issued to investors on Tuesday. The brokerage currently has a $6.00 price target on the stock.
A number of other analysts have also issued reports on SKIS. Zacks Investment Research raised Peak Resorts from a sell rating to a hold rating in a report on Tuesday, August 22nd. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $7.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. FBR & Co reaffirmed a buy rating and issued a $6.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Stifel Nicolaus reaffirmed a buy rating on shares of Peak Resorts in a report on Thursday, September 7th. Finally, Macquarie lowered Peak Resorts from an outperform rating to a neutral rating and lowered their target price for the company from $7.00 to $5.00 in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $6.17.
Peak Resorts (NASDAQ SKIS) opened at 4.40 on Tuesday. The firm’s market capitalization is $61.52 million. The firm has a 50 day moving average price of $4.78 and a 200-day moving average price of $5.05. Peak Resorts has a 12 month low of $3.90 and a 12 month high of $6.20.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.07). The business had revenue of $7.50 million during the quarter, compared to analyst estimates of $7.22 million. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned ($0.56) EPS. On average, equities analysts forecast that Peak Resorts will post $0.07 EPS for the current year.
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In other news, major shareholder Cap 1 Llc acquired 17,180 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were bought at an average price of $5.58 per share, with a total value of $95,864.40. Following the acquisition, the insider now owns 1,742,705 shares of the company’s stock, valued at $9,724,293.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 803,753 shares of company stock worth $4,165,497 in the last three months. 16.52% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC grew its holdings in shares of Peak Resorts by 23.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after purchasing an additional 5,808 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of Peak Resorts during the 2nd quarter worth approximately $251,000. Pinnacle Associates Ltd. grew its holdings in shares of Peak Resorts by 29.5% during the 2nd quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after purchasing an additional 22,960 shares in the last quarter. Bard Associates Inc. grew its holdings in shares of Peak Resorts by 0.5% during the 1st quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after purchasing an additional 600 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Peak Resorts by 56.5% during the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after purchasing an additional 46,801 shares in the last quarter. 47.55% of the stock is currently owned by institutional investors.
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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