Peak Resorts Inc (NASDAQ:SKIS) has been assigned a consensus rating of “Buy” from the six analysts that are covering the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.75.
Several equities research analysts recently commented on the stock. FBR & Co reiterated an “outperform” rating and set a $9.00 price target on shares of Peak Resorts in a research note on Friday, December 23rd. Janney Montgomery Scott reiterated a “buy” rating and set a $7.00 price target (up from $5.50) on shares of Peak Resorts in a research note on Saturday, January 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price target on shares of Peak Resorts in a research note on Friday, December 16th.
Peak Resorts (NASDAQ:SKIS) opened at 5.35 on Wednesday. The company has a 50 day moving average price of $5.82 and a 200 day moving average price of $5.23. Peak Resorts has a 52-week low of $2.78 and a 52-week high of $6.20. The firm’s market capitalization is $74.80 million.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, March 9th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.12. Peak Resorts had a negative net margin of 5.16% and a negative return on equity of 8.05%. The business earned $56.40 million during the quarter, compared to analysts’ expectations of $54.55 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s quarterly revenue was up 45.7% on a year-over-year basis. On average, equities analysts forecast that Peak Resorts will post $0.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, February 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 5.23%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Peak Resorts by 19.0% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock worth $460,000 after buying an additional 13,200 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Peak Resorts by 15.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 78,219 shares of the company’s stock worth $434,000 after buying an additional 10,679 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Peak Resorts during the fourth quarter worth about $927,000. Finally, Spark Investment Management LLC purchased a new position in shares of Peak Resorts during the third quarter worth about $163,000. Institutional investors own 50.33% of the company’s stock.
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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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