Planet Fitness, Inc. (NYSE:PLNT) has been assigned a $23.00 price objective by analysts at Roth Capital in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Roth Capital’s price objective points to a potential downside of 0.17% from the company’s current price.

Several other brokerages also recently weighed in on PLNT. BidaskClub upgraded Planet Fitness from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research downgraded Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC raised their target price on Planet Fitness from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Imperial Capital raised their target price on Planet Fitness from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Finally, Guggenheim restated a “buy” rating and set a $24.00 target price on shares of Planet Fitness in a research note on Monday, April 24th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $25.09.

Shares of Planet Fitness (NYSE PLNT) traded up 7.86% on Thursday, hitting $24.85. The stock had a trading volume of 4,955,259 shares. Planet Fitness has a 52-week low of $18.32 and a 52-week high of $25.10. The firm’s 50-day moving average price is $23.17 and its 200 day moving average price is $21.28. The firm has a market cap of $1.80 billion, a PE ratio of 46.19 and a beta of 0.90.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $107.31 million during the quarter, compared to the consensus estimate of $101.99 million. Planet Fitness had a negative return on equity of 79.66% and a net margin of 6.99%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. On average, equities research analysts predict that Planet Fitness will post $0.47 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in Planet Fitness by 11.1% in the first quarter. Alliancebernstein L.P. now owns 5,948,306 shares of the company’s stock worth $114,624,000 after buying an additional 593,265 shares during the period. AQR Capital Management LLC purchased a new position in Planet Fitness during the fourth quarter worth approximately $639,000. OMERS ADMINISTRATION Corp purchased a new position in Planet Fitness during the first quarter worth approximately $734,000. Guggenheim Capital LLC purchased a new position in Planet Fitness during the fourth quarter worth approximately $228,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Planet Fitness by 87.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,063 shares of the company’s stock worth $383,000 after buying an additional 8,916 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

About Planet Fitness

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.

Analyst Recommendations for Planet Fitness (NYSE:PLNT)

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