Planet Fitness, Inc. (NYSE: PLNT – Get Rating) on the average “Buy” rating of fourteen brokerages currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six analysts have assigned a buy rating to the company. The average 12-month price target among brokers that reported on the stock last year is $96.50.
Several stock analysts have recently influenced the stock. StockNews.com assumed coverage of shares of Planet Fitness in a report released on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet lowered shares of Planet Fitness from a “b-” rating to a “c” rating in a report released on Thursday, February 24th. Zacks Investment Research lowered Planet Fitness’s stock rating from “hold” to “sell” and set a price target of $70.00 per share. In a report on Wednesday, March 2nd. BMO Capital Markets lowered its price target for Planet Fitness shares from $96.00 to $88.00 in a report on Wednesday. Finally, DA Davidson lowered its price target on Planet Fitness from $110.00 to $90.00 in a research report on Friday.
Large investors have recently made changes to their positions in the company. Liberty Wealth Management LLC raised its position in shares of Planet Fitness by 388.6% during the third quarter. Liberty Wealth Management LLC now owns 342 shares of the company’s stock, valued at $29,000 after purchasing an additional 272 shares in the last quarter. O Dell Group LLC purchased new shares of Planet Fitness during the first quarter valued at approximately $30,000. Lazard Asset Management LLC purchased a new position in shares of Planet Fitness during the fourth quarter valued at approximately $33,000. Pinnacle Holdings LLC purchased new shares of Planet Fitness during the third quarter valued at approximately $30,000. Finally, Manchester Capital Management LLC purchased new shares of Planet Fitness during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.
PLNT opened at $72.59 on Friday. Planet Fitness recorded a 52-week low of $67.39 and a 52-week high of $99.60. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 113.42, a price-to-earnings ratio of 2.30 and a beta of 1.16. The company’s 50-day moving average is $81.68 and the 200-day moving average is $85.60.
Planet Fitness (NYSE: PLNT – Get Rating) released its latest quarterly earnings results on Tuesday, May 10. The company reported earnings of $0.32 per share for the quarter, topping the consensus estimate of $0.27 by $0.05. Planet Fitness has a net profit margin of 8.11% and a negative return on equity of 16.39%. The company generated revenue of $186.70 million for the quarter, compared to consensus estimates of $190.44 million. During the same quarter in the previous year, the company earned $0.10 EPS. Planet Fitness quarterly revenue increased 66.8% year over year. On average, research analysts expect Planet Fitness to post 1.54 EPS for the current fiscal year.
About Planet Fitness Company (Get Rating)
Planet Fitness, Inc, along with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. They operate through franchise divisions and corporate owned and equipment stores. The franchise segment is involved in the franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia.
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