Planet Fitness, Inc. (NYSE:PLNT – Get Free Report) has received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $82.00.
Several analysts recently issued reports on the company. DA Davidson lowered their price target on Planet Fitness from $67.00 to $66.00 and set a “neutral” rating for the company in a report on Friday. VNET Group restated a “maintains” rating on shares of Planet Fitness in a report on Friday, May 5th. BNP Paribas lowered shares of Planet Fitness from a “neutral” rating to an “underperform” rating and set a $57.00 price target on the stock. in a report on Friday, June 23rd. Piper Sandler lowered their price target on Planet Fitness from $96.00 to $88.00 in a report on Thursday, June 22nd. Finally, BMO Capital Markets decreased their price target on shares of Planet Fitness from $90.00 to $82.00 in a report on Friday, May 5th.
Read Our Latest Analysis on Planet Fitness
Planet Fitness Trading Up 0.5 %
Shares of NYSE PLNT opened at $61.81 on Tuesday. The company has a 50-day moving average of $67.10 and a 200 day moving average of $73.57. The stock has a market cap of $5.51 billion, a PE ratio of 42.05, a P/E/G ratio of 0.95 and a beta of 1.29. Planet Fitness has a 12-month low of $54.15 and a 12-month high of $85.90.
Planet Fitness (NYSE:PLNT – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. The firm had revenue of $286.50 million for the quarter, compared to the consensus estimate of $251.99 million. Planet Fitness had a negative return on equity of 87.12% and a net margin of 12.03%. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, sell-side analysts forecast that Planet Fitness will post 2.18 EPS for the current fiscal year.
Institutional Trading of Planet Fitness
Several institutional investors and hedge funds have recently bought and sold shares of PLNT. Rockefeller Capital Management L.P. grew its position in Planet Fitness by 93.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 456 shares of the company’s stock worth $35,000 after acquiring an additional 220 shares in the last quarter. Quarry LP purchased a new position in shares of Planet Fitness in the first quarter worth $38,000. International Assets Investment Management LLC purchased a new stake in shares of Planet Fitness during the first quarter valued at $40,000. Harvest Fund Management Co. Ltd increased its position in Planet Fitness by 144.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 536 shares of the company’s stock valued at $42,000 after acquiring an additional 317 shares during the last quarter. Finally, CWM LLC grew its position in Planet Fitness by 52.9% during the second quarter. CWM LLC now owns 697 shares of the company’s stock valued at $47,000 after buying an additional 241 shares during the period. 95.82% of the stock is currently owned by hedge funds and other institutional investors.
About Planet Fitness
(Get Free Report
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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