Planet Fitness (NYSE:PLNT – Get Rating)‘s stock had its “neutral” rating reaffirmed by stock analysts at DA Davidson in a report released on Friday, Benzinga reports. They presently have a $87.00 price objective on the stock. DA Davidson’s price objective indicates a potential upside of 7.71% from the stock’s previous close.
A number of other research firms also recently commented on PLNT. Robert W. Baird boosted their price target on shares of Planet Fitness from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday. Cowen boosted their price target on shares of Planet Fitness from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 16th. Raymond James boosted their price target on shares of Planet Fitness from $92.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday. Cowen boosted their target price on shares of Planet Fitness from $80.00 to $90.00 in a report on Wednesday, November 16th. Finally, Guggenheim dropped their target price on shares of Planet Fitness to $85.00 in a report on Tuesday, November 1st. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $93.46.
NYSE:PLNT traded down $2.52 during mid-day trading on Friday, hitting $80.77. The stock had a trading volume of 572,566 shares, compared to its average volume of 1,032,263. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 95.50, a P/E/G ratio of 1.21 and a beta of 1.26. The company has a 50 day simple moving average of $80.62 and a 200-day simple moving average of $72.92. Planet Fitness has a 52 week low of $54.15 and a 52 week high of $90.76.
Planet Fitness (NYSE:PLNT – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. Planet Fitness had a net margin of 8.52% and a negative return on equity of 36.77%. The firm had revenue of $281.30 million for the quarter, compared to the consensus estimate of $271.48 million. During the same period last year, the firm posted $0.26 EPS. Planet Fitness’s quarterly revenue was up 53.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Planet Fitness will post 1.59 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Truist Financial Corp increased its position in shares of Planet Fitness by 25.6% in the fourth quarter. Truist Financial Corp now owns 48,602 shares of the company’s stock worth $3,830,000 after acquiring an additional 9,898 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Planet Fitness by 357.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,318 shares of the company’s stock worth $104,000 after acquiring an additional 1,030 shares in the last quarter. CI Private Wealth LLC purchased a new position in Planet Fitness during the fourth quarter valued at approximately $614,000. Pier Capital LLC grew its position in Planet Fitness by 93.4% during the fourth quarter. Pier Capital LLC now owns 117,389 shares of the company’s stock valued at $9,250,000 after purchasing an additional 56,687 shares in the last quarter. Finally, Bares Capital Management Inc. grew its position in Planet Fitness by 2.4% during the fourth quarter. Bares Capital Management Inc. now owns 2,063,152 shares of the company’s stock valued at $162,576,000 after purchasing an additional 48,955 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.
Planet Fitness, Inc engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Planet Fitness, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Planet Fitness wasn’t on the list.
While Planet Fitness currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
How many of you aim for 10k steps per day? And how many of you know where this 'golden' number actually came from? Probably not so many of you, right? The 10k s
In my early 20s, I was a careless college student. I was partying, eating out, and drinking. My lifestyle took a toll on my mental and physical health. My daily
Jennifer Aniston just made a huge announcement: She’s officially partnered with Pvolve.The 54-year-old actress made the announcement on Instagram, with a vide
There are few people in the world whose fitness, diet, and general wellness habits are as closely examined (and copied) as Jennifer Aniston's. The actor's lifes
.JPG)
