Peak Resorts (SKIS) Stock Rating Lowered by Zacks Investment Research

Peak Resorts (NASDAQ:SKIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

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. “

A number of other analysts have also recently issued reports on the stock. Oppenheimer reiterated a “buy” rating and issued a $7.00 target price on shares of Peak Resorts in a research note on Friday, December 8th. B. Riley reiterated a “buy” rating and issued a $6.00 target price on shares of Peak Resorts in a research note on Friday, December 8th. Stifel Nicolaus lifted their target price on shares of Peak Resorts from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Friday, December 8th. ValuEngine upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Finally, FBR & Co restated a “buy” rating on shares of Peak Resorts in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $6.22.

Shares of Peak Resorts (NASDAQ SKIS) opened at $5.30 on Tuesday. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.79 and a quick ratio of 0.74. The stock has a market cap of $72.71, a P/E ratio of -17.10 and a beta of 1.11. Peak Resorts has a one year low of $4.00 and a one year high of $6.20.

Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.02). The business had revenue of $8.84 million during the quarter, compared to analyst estimates of $8.64 million. Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. Peak Resorts’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.57) earnings per share. equities research analysts predict that Peak Resorts will post 0.05 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Summer Road LLC lifted its stake in shares of Peak Resorts by 38.4% in the third quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock worth $8,380,000 after buying an additional 534,092 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after buying an additional 162,100 shares during the last quarter. Sterneck Capital Management LLC lifted its stake in shares of Peak Resorts by 13.3% in the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock worth $1,307,000 after buying an additional 28,467 shares during the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Peak Resorts by 148.8% in the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after buying an additional 44,774 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Peak Resorts by 93.8% in the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after buying an additional 12,895 shares during the last quarter. Institutional investors and hedge funds own 45.06% 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.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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