Peak Resorts (SKIS) Price Target Raised to $7.00 at Stifel Nicolaus
Peak Resorts (NASDAQ:SKIS) had its price objective raised by Stifel Nicolaus from $6.00 to $7.00 in a research note released on Friday morning. Stifel Nicolaus currently has a buy rating on the stock.
Several other analysts also recently weighed in on the company. ValuEngine raised Peak Resorts from a sell rating to a hold rating in a research note on Friday, November 17th. Zacks Investment Research raised Peak Resorts from a sell rating to a hold rating in a research note on Tuesday, November 14th. B. Riley reaffirmed a buy rating on shares of Peak Resorts in a research note on Wednesday, November 1st. FBR & Co reaffirmed a buy rating on shares of Peak Resorts in a research note on Tuesday, October 24th. Finally, Robert W. Baird reaffirmed a buy rating and set a $6.00 target price on shares of Peak Resorts in a research note on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $6.29.
Shares of Peak Resorts (SKIS) traded down $0.15 during midday trading on Friday, hitting $5.10. The company had a trading volume of 43,671 shares, compared to its average volume of 16,986. Peak Resorts has a 1-year low of $4.00 and a 1-year high of $6.20. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.22 and a current ratio of 1.29.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.02). The company had revenue of $8.84 million during the quarter, compared to the consensus estimate of $8.64 million. Peak Resorts had a negative return on equity of 1.73% and a negative net margin of 0.95%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the business posted ($0.57) EPS. research analysts forecast that Peak Resorts will post 0.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Thursday, October 26th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Wednesday, October 25th. Peak Resorts’s payout ratio is currently -127.27%.
Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its position 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 valued at $732,000 after purchasing an additional 46,801 shares during the period. Russell Investments Group Ltd. increased its position in shares of Peak Resorts by 5.2% during 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. Spark Investment Management LLC acquired a new position in shares of Peak Resorts during the 2nd quarter valued at $251,000. Pinnacle Associates Ltd. increased its position 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 valued at $413,000 after purchasing an additional 22,960 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Peak Resorts by 63.0% during 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. 44.92% of the stock is currently owned by hedge funds and other 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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