Shares of Planet Fitness, Inc. (NYSE:PLNT - Get Free Report) have received an average recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $97.69.
PLNT has been the topic of a number of research analyst reports. DA Davidson reissued a "neutral" rating and issued a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a report on Wednesday, January 15th. Stifel Nicolaus lifted their target price on Planet Fitness from $85.00 to $90.00 and gave the company a "hold" rating in a research report on Friday, January 17th. Macquarie reissued a "neutral" rating and set a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a research report on Friday, November 8th. Finally, Morgan Stanley lifted their price objective on shares of Planet Fitness from $84.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th.
Read Our Latest Stock Report on Planet Fitness
In other news, insider Jennifer Simmons sold 11,453 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $96.20, for a total value of $1,101,778.60. Following the sale, the insider now owns 19,110 shares in the company, valued at approximately $1,838,382. This represents a 37.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.94% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock valued at $39,000 after acquiring an additional 157 shares in the last quarter. R Squared Ltd bought a new position in Planet Fitness in the 4th quarter valued at about $39,000. V Square Quantitative Management LLC raised its position in shares of Planet Fitness by 69.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 489 shares of the company's stock worth $40,000 after buying an additional 201 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Planet Fitness in the fourth quarter valued at approximately $51,000. Finally, GAMMA Investing LLC increased its stake in shares of Planet Fitness by 396.9% during the third quarter. GAMMA Investing LLC now owns 1,898 shares of the company's stock valued at $154,000 after acquiring an additional 1,516 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.
PLNT opened at $107.85 on Friday. The company has a market cap of $9.12 billion, a PE ratio of 57.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.53. Planet Fitness has a twelve month low of $54.35 and a twelve month high of $110.00. The company has a 50-day moving average price of $102.52 and a 200 day moving average price of $89.90.
Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company had revenue of $292.20 million during the quarter, compared to the consensus estimate of $283.79 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Planet Fitness's quarterly revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Planet Fitness will post 2.5 earnings per share for the current year.
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.
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