Planet Fitness, Inc. (NYSE:PLNT) had its price objective raised by stock analysts at Roth Capital from $23.00 to $27.00 in a research note issued on Monday. The firm presently has a “buy” rating on the stock. Roth Capital’s target price points to a potential upside of 14.75% from the stock’s previous close.

Several other research firms have also weighed in on PLNT. BidaskClub upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research lowered shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Imperial Capital boosted their target price on shares of Planet Fitness from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Cowen and Company reiterated an “outperform” rating and set a $28.00 target price (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Finally, Jefferies Group LLC boosted their target price on shares of Planet Fitness from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Planet Fitness has a consensus rating of “Buy” and an average target price of $27.33.

Shares of Planet Fitness (NYSE PLNT) traded up 0.64% during mid-day trading on Monday, reaching $23.68. 207,218 shares of the company were exchanged. The company’s 50-day moving average is $23.25 and its 200 day moving average is $21.45. Planet Fitness has a 12 month low of $18.32 and a 12 month high of $25.19. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 40.83 and a beta of 0.90.

Planet Fitness (NYSE:PLNT) last released its earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Planet Fitness had a net margin of 8.77% and a negative return on equity of 57.01%. The firm had revenue of $107.31 million during the quarter, compared to analyst estimates of $101.99 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts predict that Planet Fitness will post $0.47 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Princeton Alpha Management LP purchased a new position in shares of Planet Fitness during the first quarter valued at about $224,000. Capital Fund Management S.A. purchased a new position in shares of Planet Fitness during the first quarter valued at about $499,000. American Century Companies Inc. purchased a new position in shares of Planet Fitness during the first quarter valued at about $5,418,000. Capital One National Association increased its position in shares of Planet Fitness by 5.0% in the first quarter. Capital One National Association now owns 77,675 shares of the company’s stock valued at $1,497,000 after buying an additional 3,716 shares during the period. Finally, Geneva Advisors LLC purchased a new position in shares of Planet Fitness during the first quarter valued at about $753,000. 98.33% of the stock is owned by institutional investors.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

Analyst Recommendations for Planet Fitness (NYSE:PLNT)

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