Peak Resorts (NASDAQ:SKIS) had its price objective cut by Stifel Nicolaus from $7.00 to $6.00 in a research report report published on Wednesday, September 12th. They currently have a buy rating on the stock.
Separately, ValuEngine downgraded shares of Peak Resorts from a buy rating to a hold rating in a research report on Friday, July 20th. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of $6.13.
SKIS stock traded up $0.16 during midday trading on Wednesday, hitting $5.30. The stock had a trading volume of 29,603 shares, compared to its average volume of 20,394. Peak Resorts has a 1-year low of $4.20 and a 1-year high of $5.78. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 2.92. The firm has a market cap of $68.51 million, a price-to-earnings ratio of 75.71 and a beta of 1.18.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Tuesday, September 11th. The company reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($0.04). Peak Resorts had a negative net margin of 1.41% and a negative return on equity of 0.63%. The company had revenue of $7.01 million during the quarter, compared to the consensus estimate of $7.58 million. Research analysts expect that Peak Resorts will post -0.09 earnings per share for the current year.
Several large investors have recently bought and sold shares of SKIS. Rutabaga Capital Management LLC MA boosted its holdings in Peak Resorts by 22.5% during the second 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 last quarter. Russell Investments Group Ltd. boosted its holdings in Peak Resorts by 150.5% during the first 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 last quarter. Renaissance Technologies LLC boosted its holdings in Peak Resorts by 12.4% during the second 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 last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Peak Resorts by 40.4% during the first 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 last quarter. 46.98% of the stock is owned by institutional investors.
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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