Planet Fitness, Inc. (NYSE:PLNT – Get Free Report) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $70.21.
A number of analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Planet Fitness from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. DA Davidson reissued a “neutral” rating and set a $62.00 price objective on shares of Planet Fitness in a report on Monday, February 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $79.00 target price on shares of Planet Fitness in a report on Monday, April 1st. JPMorgan Chase & Co. cut their price target on Planet Fitness from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Finally, StockNews.com raised Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday.
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Planet Fitness Stock Down 0.3 %
NYSE:PLNT opened at $61.86 on Thursday. Planet Fitness has a twelve month low of $44.13 and a twelve month high of $75.86. The stock’s 50-day simple moving average is $61.42 and its 200 day simple moving average is $65.21. The firm has a market capitalization of $5.45 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.
Planet Fitness (NYSE:PLNT – Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $285.10 million during the quarter, compared to analysts’ expectations of $282.35 million. Planet Fitness had a net margin of 12.91% and a negative return on equity of 120.89%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, analysts anticipate that Planet Fitness will post 2.48 EPS for the current fiscal year.
Institutional Trading of Planet Fitness
A number of institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its stake in shares of Planet Fitness by 17.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock valued at $73,000 after buying an additional 148 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Planet Fitness by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 16,388 shares of the company’s stock valued at $1,026,000 after buying an additional 174 shares in the last quarter. Amalgamated Bank increased its position in shares of Planet Fitness by 0.3% during the fourth quarter. Amalgamated Bank now owns 57,570 shares of the company’s stock worth $4,203,000 after acquiring an additional 179 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Planet Fitness by 2.8% in the 4th quarter. Teacher Retirement System of Texas now owns 6,764 shares of the company’s stock valued at $494,000 after acquiring an additional 182 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Planet Fitness by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 37,433 shares of the company’s stock worth $1,841,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.
About Planet Fitness
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 company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
Further Reading
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