Peak Resorts’ (SKIS) “Buy” Rating Reiterated at Janney Montgomery Scott
Janney Montgomery Scott reissued their buy rating on shares of Peak Resorts, Inc. (NASDAQ:SKIS) in a research note released on Saturday morning. They currently have a $7.00 target price on the stock, up from their previous target price of $5.50.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Peak Resorts from a hold rating to a buy rating and set a $5.75 price objective for the company in a report on Tuesday, September 20th. Stifel Nicolaus reiterated a buy rating and issued a $6.00 price objective on shares of Peak Resorts in a report on Friday, December 16th. Finally, FBR & Co reiterated a buy rating on shares of Peak Resorts in a report on Friday, December 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $6.96.
Shares of Peak Resorts (NASDAQ:SKIS) traded up 2.70% on Friday, reaching $5.70. 161,827 shares of the company’s stock were exchanged. Peak Resorts has a 52-week low of $2.60 and a 52-week high of $5.90. The company’s 50 day moving average price is $5.13 and its 200-day moving average price is $4.85. The stock’s market cap is $79.70 million.
Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Thursday, December 8th. The company reported ($0.57) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.02. The firm earned $8.50 million during the quarter, compared to analysts’ expectations of $8.63 million. Peak Resorts had a negative net margin of 5.16% and a negative return on equity of 8.05%. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.49) earnings per share. Equities analysts forecast that Peak Resorts will post $0.26 EPS for the current fiscal year.
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In other news, Director David W. Braswell bought 10,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was acquired at an average price of $5.60 per share, with a total value of $56,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $56,000. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 16.35% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Spark Investment Management LLC purchased a new stake in Peak Resorts during the third quarter worth $163,000. Bank of New York Mellon Corp increased its stake in Peak Resorts by 8.7% in the third quarter. Bank of New York Mellon Corp now owns 94,958 shares of the company’s stock worth $489,000 after buying an additional 7,626 shares in the last quarter. Vanguard Group Inc. increased its stake in Peak Resorts by 5.6% in the second quarter. Vanguard Group Inc. now owns 190,415 shares of the company’s stock worth $869,000 after buying an additional 10,100 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Peak Resorts during the second quarter worth $856,000. 49.87% of the stock is owned by institutional investors and hedge funds.
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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