ValuEngine upgraded shares of Peak Resorts, Inc. (NASDAQ:SKIS) from a sell rating to a hold rating in a research note published on Friday.

Several other research analysts have also recently commented on the company. Zacks Investment Research cut Peak Resorts from a hold rating to a sell rating in a research report on Wednesday, October 18th. FBR & Co reissued a buy rating and set a $6.00 price target on shares of Peak Resorts in a research report on Thursday, September 7th. Stifel Nicolaus reissued a buy rating on shares of Peak Resorts in a research report on Thursday, September 7th. Oppenheimer Holdings, Inc. reissued a buy rating and set a $7.00 price target on shares of Peak Resorts in a research report on Thursday, September 7th. Finally, Robert W. Baird reissued a buy rating and set a $6.00 price target on shares of Peak Resorts in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $6.17.

Peak Resorts (NASDAQ SKIS) opened at $5.25 on Friday. 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 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 data on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.07). The firm had revenue of $7.50 million for the quarter, compared to analyst estimates of $7.22 million. Peak Resorts had a negative return on equity of 50.10% and a negative net margin of 114.30%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.56) earnings per share. analysts anticipate that Peak Resorts will post 0.05 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Thursday, October 26th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, October 25th. This represents a $0.28 annualized dividend and a yield of 5.33%. Peak Resorts’s dividend payout ratio (DPR) is presently -127.27%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Summer Road LLC boosted its position in Peak Resorts by 38.4% during the third 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 raised its stake in Peak Resorts by 51.1% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock valued at $5,133,000 after buying an additional 423,609 shares during the period. Vanguard Group Inc. raised its stake in Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after buying an additional 162,100 shares during the period. Russell Investments Group Ltd. raised its stake in Peak Resorts by 5.2% in the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after buying an additional 9,704 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after buying an additional 46,801 shares during the period. 48.45% of the stock is owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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