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. “
Separately, ValuEngine cut Peak Resorts from a buy rating to a hold rating in a research note on Tuesday, January 29th.
NASDAQ SKIS traded up $0.10 on Thursday, hitting $4.40. The company’s stock had a trading volume of 1,558 shares, compared to its average volume of 11,689. Peak Resorts has a 52-week low of $4.10 and a 52-week high of $5.55. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.67 and a current ratio of 0.74. The stock has a market cap of $66.75 million, a P/E ratio of 62.86 and a beta of 0.79.
Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.08. Peak Resorts had a return on equity of 1.60% and a net margin of 0.33%. The business had revenue of $83.98 million during the quarter, compared to analysts’ expectations of $82.93 million. Sell-side analysts predict that Peak Resorts will post 0.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 25th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date was Wednesday, April 24th. Peak Resorts’s payout ratio is presently 400.00%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its position in shares of Peak Resorts by 13.0% in the first quarter. Essex Investment Management Co. LLC now owns 71,300 shares of the company’s stock valued at $324,000 after acquiring an additional 8,205 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Peak Resorts by 4.5% in the first quarter. Renaissance Technologies LLC now owns 167,252 shares of the company’s stock valued at $761,000 after acquiring an additional 7,210 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Peak Resorts by 13.9% in the first quarter. Pinnacle Associates Ltd. now owns 102,579 shares of the company’s stock valued at $467,000 after acquiring an additional 12,500 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of Peak Resorts in the first quarter valued at about $235,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Peak Resorts by 25.8% in the first quarter. Oppenheimer & Co. Inc. now owns 103,229 shares of the company’s stock valued at $470,000 after acquiring an additional 21,196 shares in the last quarter. Institutional investors own 42.73% of the company’s stock.
About Peak Resorts
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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