Planet Fitness, Inc. (NYSE:PLNT – Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 10,338 call options on the company. This is an increase of 154% compared to the average volume of 4,075 call options.
Planet Fitness Price Performance
PLNT traded up $0.17 during midday trading on Tuesday, reaching $73.19. 397,959 shares of the company’s stock traded hands, compared to its average volume of 1,715,839. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 2.44 and a beta of 1.43. The firm has a fifty day moving average of $64.65 and a two-hundred day moving average of $66.37. Planet Fitness has a 52 week low of $44.13 and a 52 week high of $75.86.
Planet Fitness (NYSE:PLNT – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $249.48 million. During the same period in the previous year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Planet Fitness will post 2.43 EPS for the current year.
Hedge Funds Weigh In On Planet Fitness
Wall Street Analyst Weigh In
Several analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Planet Fitness from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $68.00 to $78.00 in a research report on Tuesday, May 14th. Stifel Nicolaus lowered Planet Fitness from a “buy” rating to a “hold” rating and reduced their price objective for the company from $80.00 to $70.00 in a research report on Friday, May 10th. Royal Bank of Canada dropped their target price on Planet Fitness from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. TD Cowen upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $92.00 in a report on Monday. Finally, StockNews.com raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.
Get Our Latest Research Report on Planet Fitness
About Planet Fitness
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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