The stock of Planet Fitness Inc. (NYSE:PLNT) last traded at $67.56, up 0.18% from the previous session.
Data from the available sources indicates that Planet Fitness Inc. (NYSE:PLNT) is covered by 18 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $57.00, we find $86.00. Given the previous closing price of $67.44, this indicates a potential upside of 27.52 percent. PLNT stock price is now -4.03% away from the 50-day moving average and -7.36% away from the 200-day moving average. The market capitalization of the company currently stands at $5.91B.
In total, 1 analysts have assigned it a hold rating, and 15 have given it a buy rating. Brokers who have rated the stock have averaged $84.71 as their price target over the next twelve months.
With the price target maintained at $57, Exane BNP Paribas recently Downgraded its rating from Neutral to Underperform for Planet Fitness Inc. (NYSE: PLNT).
In other news, Rondeau Christopher, Chief Executive Officer bought 10,000 shares of the company’s stock on Jun 05. The stock was bought for $649,850 at an average price of $64.98. Upon completion of the transaction, the Chief Executive Officer now directly owns 36,305 shares in the company, valued at $2.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 10, Div President, Corp Stores Simmons Jennifer sold 15 shares of the business’s stock. A total of $1,166 was realized by selling the stock at an average price of $77.73. This leaves the insider owning 6,706 shares of the company worth $0.45 million. Insiders disposed of 224 shares of company stock worth roughly $15133.44 over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLNT stock. A new stake in Planet Fitness Inc. shares was purchased by DORSAL CAPITAL MANAGEMENT, LLC during the first quarter worth $57,418,000. SCHONFELD STRATEGIC ADVISORS LLC invested $30,138,000 in shares of PLNT during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Planet Fitness Inc. valued at approximately $20,059,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in PLNT for approximately $14,090,000. INTERVAL PARTNERS, LP purchased a new stake in PLNT valued at around $11,309,000 in the second quarter. In total, there are 460 active investors with 106.54% ownership of the company’s stock.
With an opening price of $67.42 on Monday morning, Planet Fitness Inc. (NYSE: PLNT) set off the trading day. During the past 12 months, Planet Fitness Inc. has had a low of $54.15 and a high of $85.90. The fifty day moving average price for PLNT is $70.39 and a two-hundred day moving average price translates $72.93 for the stock.
The latest earnings results from Planet Fitness Inc. (NYSE: PLNT) was released for Mar, 2023. According to the Leisure Company, earnings per share came in at $0.41, missing analysts’ expectations of $0.46 by -0.05. This compares to $0.22 EPS in the same period last year. The net profit margin was 10.90% and return on equity was -57.20% for PLNT. The company reported revenue of $222.22 million for the quarter, compared to $186.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.04 percent. For the current quarter, analysts expect PLNT to generate $252.3M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/05/2016. Investors who held shares on 11/22/2016 were paid a $2.78 dividend.
Planet Fitness Inc.(PLNT) Company Profile
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 Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
