Zacks Investment Research Downgrades Peak Resorts, Inc. (SKIS) to Sell

Peak Resorts, Inc. (NASDAQ:SKIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, November 8th.

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. “

Several other analysts have also recently weighed in on the stock. FBR & Co reissued a “buy” rating on shares of Peak Resorts in a research note on Tuesday, October 24th. Robert W. Baird reissued a “buy” rating and issued a $6.00 price objective on shares of Peak Resorts in a research note on Tuesday, September 19th. Stifel Nicolaus reissued a “buy” rating on shares of Peak Resorts in a research note on Thursday, September 7th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $7.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Finally, Macquarie lowered shares of Peak Resorts from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $5.00 in a report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $6.17.

Shares of Peak Resorts (SKIS) opened at $5.00 on Wednesday. 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 one year low of $4.00 and a one year high of $6.20.

Peak Resorts (NASDAQ:SKIS) last issued 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). Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The business had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.22 million. During the same period in the prior year, the firm earned ($0.56) EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts expect that Peak Resorts will post 0.05 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Peak Resorts by 93.8% in the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock valued at $116,000 after buying an additional 12,895 shares during the period. Essex Investment Management Co. LLC lifted its holdings in Peak Resorts by 23.9% in the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock valued at $123,000 after buying an additional 5,808 shares during the period. Spark Investment Management LLC acquired a new position in Peak Resorts in the second quarter valued at $251,000. Pinnacle Associates Ltd. lifted its holdings in Peak Resorts by 29.5% in the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock valued at $413,000 after buying an additional 22,960 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings 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. Institutional investors and hedge funds own 48.45% 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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Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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