Planet Fitness, Inc. (PLNT) Given Consensus Recommendation of "Buy" by Brokerages

Cornelia Mascio
Settembre 23, 2017

The portion of a company's profit allocated to each outstanding share of common stock was $0.26 a share in the trailing twelve months.

Other institutional investors have also recently bought and sold shares of the company. Summit Partners Public Asset Management LLC now owns 390,455 shares of the company's stock worth $7,836,000 after buying an additional 290,455 shares in the last quarter. Summit Partners Public Asset Management, LLC augmented its position by buying 213,670 shares an increase of 65.7% from 03/31/2017 to 06/30/2017. The volume of PLNT witnessed a shift from 1.51 million shares, based on a 50-day average, to 1.44 million shares. Oppenheimer Asset Management Inc. purchased a new position in Planet Fitness in the 1st quarter valued at approximately $136,000. Finally, Holland Capital Management LLC grew its position in shares of Planet Fitness by 20.3% in the 1st quarter. Ameriprise Financial Inc. now owns 682,016 shares of the company's stock worth $13,133,000 after buying an additional 391,436 shares in the last quarter. Planet Fitness Inc has a 12-month low of $15.37 and a 12-month high of $25.10. (NYSE PLNT) opened at 26.91 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of 38.57 and a beta of 0.91. Planet Fitness, Inc. The stock has a 50 day moving average price of $25.81 and a 200-day moving average price of $25.81.

Planet Fitness, Inc. (NYSE:PLNT) has a below average level of market risk. The share last price represents downtick move of -0.90% in value from company's 52-Week high price and shows 57.47% above change in value from its 52-Week low price. The business had revenue of $107.31 million during the quarter, compared to analysts' expectations of $101.99 million. Planet Fitness had a net margin of 3.65% and a return on equity of 485.81%. Year to date is 33.88%, 10.97% over the last quarter, 40.23% for the past six months and 54.12% over the last 12 months. Analysts anticipate that Planet Fitness Inc will post $0.47 EPS for the current fiscal year.

Planet Fitness, Inc. (PLNT) climbed 1.39% and its total traded volume was 1.24 million shares contrast to the average volume of 1.42 million shares. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & global trademark and copyright laws. The original version of this story can be read at https://www.truebluetribune.com/2017/09/23/engineers-gate-manager-lp-invests-833000-in-planet-fitness-inc-plnt.html.

A number of equities analysts recently commented on PLNT shares.

Investors and Traders continue to monitor technical levels of shares of Planet Fitness, Inc. The stock of Planet Fitness Inc (NYSE:PLNT) earned "Outperform" rating by Cowen & Co on Monday, August 31. Roth Capital boosted their target price on Planet Fitness from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, August 21st. Imperial Capital maintained it with "Outperform" rating and $25 target in Thursday, May 4 report. Guggenheim reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Planet Fitness in a research note on Thursday, April 6th.

Among 15 analysts covering Planet Fitness (NYSE:PLNT), 14 have Buy rating, 0 Sell and 1 Hold.

Analysts use volume trends to assess the level of conviction behind a stock's price changes. The Franchise segment includes operations related to the Business's franchising business in the United States, Puerto Rico, the Dominican Republic and Canada. The Firm operates through three divisions: Franchise; Corporate-owned stores, and Equipment. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada.

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