Shares of Peak Resorts Inc (NASDAQ:SKIS) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.50.
Separately, ValuEngine raised shares of Peak Resorts from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th.
A number of large investors have recently bought and sold shares of SKIS. Rutabaga Capital Management LLC MA grew its position in Peak Resorts by 22.5% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,281,522 shares of the company’s stock worth $6,408,000 after purchasing an additional 235,346 shares during the period. Russell Investments Group Ltd. grew its position in Peak Resorts by 150.5% in the 1st quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock worth $776,000 after purchasing an additional 96,241 shares during the period. Renaissance Technologies LLC grew its position in Peak Resorts by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 131,298 shares of the company’s stock worth $656,000 after purchasing an additional 14,477 shares during the period. Finally, Wells Fargo & Company MN grew its position in Peak Resorts by 40.4% in the 1st quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock worth $198,000 after purchasing an additional 11,700 shares during the period. 46.98% of the stock is owned by institutional investors and hedge funds.
Shares of SKIS remained flat at $$5.10 on Friday. 8,156 shares of the company traded hands, compared to its average volume of 16,907. The company has a market capitalization of $71.31 million, a P/E ratio of 72.86 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 2.38. Peak Resorts has a 12 month low of $4.10 and a 12 month high of $5.78.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings results on Thursday, July 12th. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.06). The firm had revenue of $56.03 million for the quarter, compared to the consensus estimate of $52.65 million. Peak Resorts had a net margin of 1.03% and a return on equity of 4.53%. equities analysts predict that Peak Resorts will post -0.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 10th. Investors of record on Thursday, July 26th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Wednesday, July 25th. Peak Resorts’s dividend payout ratio (DPR) is currently 400.00%.
Peak Resorts Company Profile
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.
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