Planet Fitness, Inc. (NYSE:PLNT – Get Free Report) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $84.33.
A number of equities analysts have issued reports on PLNT shares. Robert W. Baird cut their price objective on shares of Planet Fitness from $105.00 to $95.00 in a report on Friday, May 5th. DA Davidson cut their price objective on shares of Planet Fitness from $87.00 to $67.00 in a report on Monday, May 8th. Stifel Nicolaus lifted their price objective on shares of Planet Fitness from $78.00 to $82.00 in a report on Wednesday, June 14th. Royal Bank of Canada started coverage on shares of Planet Fitness in a report on Friday, May 19th. They set an “outperform” rating and a $86.00 price objective on the stock. Finally, VNET Group reaffirmed a “maintains” rating on shares of Planet Fitness in a report on Friday, May 5th.
Planet Fitness Stock Down 0.6 %
NYSE:PLNT opened at $68.83 on Friday. The company has a fifty day moving average of $67.83 and a 200-day moving average of $75.40. The firm has a market capitalization of $6.14 billion, a P/E ratio of 55.06, a P/E/G ratio of 1.26 and a beta of 1.30. Planet Fitness has a twelve month low of $54.15 and a twelve month high of $85.90.
Planet Fitness (NYSE:PLNT – Get Free Report) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). The company had revenue of $222.23 million during the quarter, compared to the consensus estimate of $238.30 million. Planet Fitness had a net margin of 10.86% and a negative return on equity of 73.81%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, analysts anticipate that Planet Fitness will post 2.16 EPS for the current fiscal year.
Hedge Funds Weigh In On Planet Fitness
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in Planet Fitness by 2.4% in the 1st quarter. Fifth Third Bancorp now owns 5,671 shares of the company’s stock worth $440,000 after buying an additional 133 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in Planet Fitness by 1.0% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 14,041 shares of the company’s stock worth $1,091,000 after purchasing an additional 133 shares in the last quarter. Xponance Inc. lifted its holdings in Planet Fitness by 1.6% in the 1st quarter. Xponance Inc. now owns 9,229 shares of the company’s stock worth $717,000 after purchasing an additional 141 shares in the last quarter. Amalgamated Bank lifted its holdings in Planet Fitness by 0.8% in the 4th quarter. Amalgamated Bank now owns 18,349 shares of the company’s stock worth $1,446,000 after purchasing an additional 149 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Planet Fitness by 16.0% in the 1st quarter. Signaturefd LLC now owns 1,086 shares of the company’s stock worth $84,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 95.82% of the company’s stock.
Planet Fitness Company Profile
(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.
Further Reading
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