Planet Fitness, Inc. (NYSE:PLNT – Free Report) – Stock analysts at DA Davidson increased their FY2025 EPS estimates for Planet Fitness in a note issued to investors on Friday, June 14th. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $2.82 for the year, up from their previous estimate of $2.80. DA Davidson has a “Neutral” rating and a $62.00 price target on the stock. The consensus estimate for Planet Fitness’ current full-year earnings is $2.43 per share.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group raised shares of Planet Fitness from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $100.00 in a report on Monday, June 10th. StockNews.com raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Royal Bank of Canada decreased their price target on shares of Planet Fitness from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Stifel Nicolaus downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating and reduced their target price for the stock from $80.00 to $70.00 in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. raised shares of Planet Fitness from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $78.00 in a research note on Tuesday, May 14th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and an average target price of $75.00.
View Our Latest Stock Report on PLNT
Planet Fitness Stock Down 1.9 %
PLNT opened at $71.15 on Monday. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.39 and a beta of 1.43. Planet Fitness has a 52-week low of $44.13 and a 52-week high of $75.86. The firm’s fifty day simple moving average is $63.51 and its two-hundred day simple moving average is $66.20.
Planet Fitness (NYSE:PLNT – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. The business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $249.48 million. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC grew its holdings in shares of Planet Fitness by 568.8% in the first quarter. Cetera Advisors LLC now owns 25,320 shares of the company’s stock valued at $1,586,000 after purchasing an additional 21,534 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Planet Fitness by 74.5% in the first quarter. Cetera Investment Advisers now owns 58,699 shares of the company’s stock valued at $3,676,000 after purchasing an additional 25,054 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Planet Fitness by 72.2% in the first quarter. Virtu Financial LLC now owns 5,611 shares of the company’s stock valued at $351,000 after purchasing an additional 2,352 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Planet Fitness by 71.3% in the first quarter. Tidal Investments LLC now owns 4,941 shares of the company’s stock valued at $309,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Ionic Capital Management LLC acquired a new position in shares of Planet Fitness in the first quarter valued at approximately $814,000. Institutional investors and hedge funds own 95.53% of the company’s stock.
Planet Fitness 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 company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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