Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Investment analysts at DA Davidson upped their FY2025 earnings per share estimates for shares of Planet Fitness in a research note issued to investors on Friday, June 14th. DA Davidson analyst L. Weiser now anticipates that the company will earn $2.82 per share 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.
Several other brokerages also recently weighed in on PLNT. Morgan Stanley restated an "overweight" rating and set a $79.00 target price on shares of Planet Fitness in a research note on Friday. Jefferies Financial Group upgraded Planet Fitness from a "hold" rating to a "buy" rating and raised their target price for the company from $62.00 to $100.00 in a research note on Monday, June 10th. Robert W. Baird increased their price target on shares of Planet Fitness from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, May 10th. JPMorgan Chase & Co. raised shares of Planet Fitness from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $78.00 in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada reduced 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 report on Friday, May 10th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Planet Fitness has an average rating of "Moderate Buy" and an average target price of $75.00.
Check Out Our Latest Analysis on Planet Fitness
Planet Fitness Stock Up 1.1 %
Shares of Planet Fitness stock traded up $0.81 during trading hours on Monday, hitting $71.96. 1,373,508 shares of the company's stock traded hands, compared to its average volume of 1,722,912. The stock has a 50 day simple moving average of $63.69 and a 200-day simple moving average of $66.23. The company has a market cap of $6.35 billion, a PE ratio of 41.36, a PEG ratio of 2.39 and a beta of 1.43. Planet Fitness has a twelve month low of $44.13 and a twelve month high of $75.86.
Planet Fitness (NYSE:PLNT - Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $249.48 million. Planet Fitness had a negative return on equity of 140.14% and a net margin of 13.66%. The company's revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share.
Hedge Funds Weigh In On Planet Fitness
A number of large investors have recently bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of Planet Fitness by 66.8% in the third quarter. American Century Companies Inc. now owns 877,723 shares of the company's stock valued at $43,166,000 after purchasing an additional 351,401 shares during the period. Oak Thistle LLC acquired a new stake in shares of Planet Fitness in the fourth quarter valued at approximately $389,000. Dimensional Fund Advisors LP increased its stake in shares of Planet Fitness by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,910 shares of the company's stock valued at $65,549,000 after purchasing an additional 133,541 shares during the period. Broad Bay Capital Management LP increased its stake in shares of Planet Fitness by 15.4% in the fourth quarter. Broad Bay Capital Management LP now owns 1,223,000 shares of the company's stock valued at $89,279,000 after purchasing an additional 163,000 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Planet Fitness in the third quarter valued at approximately $944,000. Institutional investors own 95.53% of the company's stock.
Planet Fitness Company Profile
(Get Free Report)
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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