Peak Resorts (SKIS) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Peak Resorts (NASDAQ:SKIS) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. The firm currently has $5.75 target price on the stock.
According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “
Several other research firms have also issued reports on SKIS. Oppenheimer reiterated a buy rating and set a $7.00 price target on shares of Peak Resorts in a research report on Friday, December 8th. B. Riley reiterated a buy rating and set a $6.00 price target on shares of Peak Resorts in a research report on Friday, December 8th. Stifel Nicolaus increased their price target on shares of Peak Resorts from $6.00 to $7.00 and gave the stock a buy rating in a research report on Friday, December 8th. ValuEngine upgraded shares of Peak Resorts from a sell rating to a hold rating in a research report on Friday, November 17th. Finally, FBR & Co reiterated a buy rating on shares of Peak Resorts in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $6.22.
Peak Resorts (NASDAQ:SKIS) remained flat at $$5.10 during midday trading on Wednesday. The company had a trading volume of 41,800 shares, compared to its average volume of 48,857. The company has a current ratio of 0.79, a quick ratio of 1.22 and a debt-to-equity ratio of 3.11. Peak Resorts has a 52-week low of $4.00 and a 52-week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.02). The firm had revenue of $8.84 million for the quarter, compared to analyst estimates of $8.64 million. Peak Resorts had a negative return on equity of 1.83% and a negative net margin of 0.95%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.57) EPS. analysts forecast that Peak Resorts will post 0.05 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of SKIS. Summer Road LLC lifted its stake in Peak Resorts by 38.4% in the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after purchasing an additional 534,092 shares during the last quarter. Rutabaga Capital Management LLC MA lifted its stake in 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 last quarter. Vanguard Group Inc. lifted its stake in 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 last quarter. Spark Investment Management LLC bought a new position in Peak Resorts in the 2nd quarter valued at approximately $251,000. Finally, Renaissance Technologies LLC lifted its stake in 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 last quarter. 44.92% of the stock is owned by institutional investors and hedge funds.
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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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