The stock of Planet Fitness Inc. (NYSE:PLNT) last traded at $50.29, down -15.90% 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 ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $45.00, we find $78.00. Given the previous closing price of $59.80, this indicates a potential upside of 30.43 percent. PLNT stock price is now -20.50% away from the 50-day moving average and -30.85% away from the 200-day moving average. The market capitalization of the company currently stands at $5.27B.
In total, 2 analysts have assigned it a hold rating, and 14 have given it a buy rating. Brokers who have rated the stock have averaged $75.06 as their price target over the next twelve months.
With the price target maintained at $55, TD Cowen recently Downgraded its rating from Outperform to Market Perform 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 $1.83 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 $0.34 million. Insiders disposed of 224 shares of company stock worth roughly $11264.96 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 ATREIDES MANAGEMENT, LP during the first quarter worth $61,364,000. RETIREMENT SYSTEMS OF ALABAMA invested $5,506,000 in shares of PLNT during the first quarter. In the first quarter, LA FINANCIERE DE L’ECHIQUIER acquired a new stake in Planet Fitness Inc. valued at approximately $4,411,000. MARSHALL WACE, LLP acquired a new stake in PLNT for approximately $4,334,000. TEXAS PERMANENT SCHOOL FUND CORP purchased a new stake in PLNT valued at around $3,761,000 in the second quarter. In total, there are 485 active investors with 105.72% ownership of the company’s stock.
With an opening price of $56.01 on Friday 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 $62.94 and a two-hundred day moving average price translates $72.60 for the stock.
The latest earnings results from Planet Fitness Inc. (NYSE: PLNT) was released for Jun, 2023. According to the Leisure Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.54 by 0.11. This compares to $0.29 EPS in the same period last year. The net profit margin was 12.00% and return on equity was -65.90% for PLNT. The company reported revenue of $286.46 million for the quarter, compared to $224.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.63 percent. For the current quarter, analysts expect PLNT to generate $267.16M 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.
