Several brokerages have updated their recommendations and price targets on shares of Planet Fitness (NYSE: PLNT) in the last few weeks:

  • 11/20/2017 – Planet Fitness is now covered by analysts at DA Davidson. They set a “buy” rating on the stock.
  • 11/10/2017 – Planet Fitness had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $30.00 price target on the stock.
  • 11/10/2017 – Planet Fitness had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $33.00 price target on the stock.
  • 11/9/2017 – Planet Fitness had its price target raised by analysts at Imperial Capital from $28.00 to $33.00. They now have an “outperform” rating on the stock.
  • 11/8/2017 – Planet Fitness had its price target raised by analysts at Bank of America Corporation from $32.00 to $33.00. They now have a “buy” rating on the stock.
  • 10/26/2017 – Planet Fitness was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “Planet Fitness, Inc. franchises and operates fitness centers through its subsidiaries. The company’s operating segments consists of Franchise, Corporate-owned stores and Equipment. It is engaged in licensing and selling franchises under the Planet Fitness trade name, owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. Planet Fitness, Inc. is headquartered in Newington, New Hampshire. “
  • 10/19/2017 – Planet Fitness had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $29.00 price target on the stock.
  • 10/18/2017 – Planet Fitness was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Planet Fitness, Inc. franchises and operates fitness centers through its subsidiaries. The company’s operating segments consists of Franchise, Corporate-owned stores and Equipment. It is engaged in licensing and selling franchises under the Planet Fitness trade name, owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. Planet Fitness, Inc. is headquartered in Newington, New Hampshire. “
  • 10/11/2017 – Planet Fitness was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “Planet Fitness, Inc. franchises and operates fitness centers through its subsidiaries. The company’s operating segments consists of Franchise, Corporate-owned stores and Equipment. It is engaged in licensing and selling franchises under the Planet Fitness trade name, owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. Planet Fitness, Inc. is headquartered in Newington, New Hampshire. “
  • 10/5/2017 – Planet Fitness was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/4/2017 – Planet Fitness had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $31.00 price target on the stock, up previously from $28.00.

Shares of Planet Fitness, Inc. (PLNT) opened at $31.30 on Monday. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $31.42. The company has a market capitalization of $3,078.76, a price-to-earnings ratio of 39.13, a P/E/G ratio of 2.41 and a beta of 0.84.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. The business had revenue of $97.50 million during the quarter, compared to analysts’ expectations of $93.55 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. analysts anticipate that Planet Fitness, Inc. will post 0.82 EPS for the current year.

In related news, CEO Christopher Rondeau sold 1,000 shares of Planet Fitness stock in a transaction on Monday, November 6th. The stock was sold at an average price of $27.04, for a total transaction of $27,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Richard L. Moore sold 49,753 shares of Planet Fitness stock in a transaction on Monday, November 13th. The stock was sold at an average price of $30.51, for a total value of $1,517,964.03. Following the sale, the chief accounting officer now directly owns 49,753 shares of the company’s stock, valued at $1,517,964.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 645,753 shares of company stock valued at $18,854,271. 19.87% of the stock is owned by insiders.

Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three 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, the Dominican Republic and Canada.

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