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Planet Fitness, Inc. (NYSE:PLNT – Get Rating) – DA Davidson issued their Q2 2022 EPS estimates for shares of Planet Fitness in a report released on Friday, May 13th. DA Davidson analyst L. Weiser forecasts that the company will earn $0.36 per share for the quarter.
Planet Fitness (NYSE:PLNT – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $186.70 million during the quarter, compared to analysts’ expectations of $190.44 million. Planet Fitness had a negative return on equity of 16.39% and a net margin of 8.11%. Planet Fitness’s revenue was up 66.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised Planet Fitness from a “neutral” rating to an “overweight” rating and set a $90.00 price target for the company in a report on Wednesday, May 11th. BMO Capital Markets cut their price target on Planet Fitness from $96.00 to $88.00 in a report on Wednesday, May 11th. Evercore ISI started coverage on Planet Fitness in a report on Monday, March 14th. They issued an “outperform” rating and a $130.00 price target for the company. Piper Sandler cut their price target on Planet Fitness from $87.00 to $72.00 in a report on Wednesday, May 11th. Finally, StockNews.com started coverage on Planet Fitness in a report on Thursday, March 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $96.50.
Shares of PLNT stock opened at $72.59 on Monday. The stock has a fifty day moving average price of $81.68 and a 200 day moving average price of $85.64. The stock has a market cap of $6.61 billion, a PE ratio of 113.42, a P/E/G ratio of 2.29 and a beta of 1.16. Planet Fitness has a 1 year low of $67.39 and a 1 year high of $99.60.
Hedge funds have recently bought and sold shares of the business. Soroban Capital Partners LP boosted its position in shares of Planet Fitness by 938.3% in the third quarter. Soroban Capital Partners LP now owns 3,196,044 shares of the company’s stock worth $251,049,000 after buying an additional 2,888,217 shares during the period. BlackRock Inc. boosted its position in shares of Planet Fitness by 34.8% in the first quarter. BlackRock Inc. now owns 7,184,140 shares of the company’s stock worth $606,915,000 after buying an additional 1,852,867 shares during the period. Artemis Investment Management LLP boosted its position in shares of Planet Fitness by 225.3% in the fourth quarter. Artemis Investment Management LLP now owns 1,599,934 shares of the company’s stock worth $144,765,000 after buying an additional 1,108,100 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Planet Fitness by 79.2% in the fourth quarter. Eagle Asset Management Inc. now owns 1,914,220 shares of the company’s stock worth $174,825,000 after buying an additional 846,128 shares during the period. Finally, Norges Bank purchased a new stake in shares of Planet Fitness in the fourth quarter worth about $73,431,000. 93.87% of the stock is owned by hedge funds and other institutional investors.
Planet Fitness Company Profile (Get Rating)
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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