Vail Resorts (NYSE:MTN) Shares Gap Up - Here's What Happened

Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $155.18, but opened at $159.74. Vail Resorts shares last traded at $157.12, with a volume of 205,643 shares traded.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research note on Wednesday, May 28th. Truist Financial dropped their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, June 6th. UBS Group decreased their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Finally, Mizuho upped their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and a consensus price target of $187.20.

Vail Resorts Stock Up 0.1%

The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The company has a market capitalization of $5.77 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.92 and a beta of 0.91. The firm has a 50-day simple moving average of $147.28 and a 200 day simple moving average of $162.14.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $9.54 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the business. SouthState Corp acquired a new position in shares of Vail Resorts during the first quarter valued at $29,000. Heck Capital Advisors LLC bought a new stake in Vail Resorts in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC boosted its stake in Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after purchasing an additional 123 shares during the period. Alpine Bank Wealth Management bought a new position in Vail Resorts in the 1st quarter worth about $40,000. Finally, GAMMA Investing LLC increased its stake in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.