Planet Fitness (NYSE:PLNT) Price Target Raised to $100.00 at JPMorgan Chase & Co.

Planet Fitness (NYSE:PLNT - Free Report) had its price target increased by JPMorgan Chase & Co. from $90.00 to $100.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Macquarie reiterated a "neutral" rating and issued a $99.00 target price (up from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. Stifel Nicolaus lifted their price target on Planet Fitness from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Raymond James raised their price objective on Planet Fitness from $92.00 to $110.00 and gave the stock a "strong-buy" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Planet Fitness in a research report on Friday, September 27th. They issued a "hold" rating and a $71.00 price target for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.69.

Planet Fitness Trading Down 0.1 %

PLNT stock traded down $0.12 on Friday, hitting $105.87. 811,920 shares of the company's stock traded hands, compared to its average volume of 1,402,529. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 56.91, a P/E/G ratio of 2.87 and a beta of 1.52. Planet Fitness has a 1-year low of $54.35 and a 1-year high of $107.68. The stock has a fifty day moving average of $99.83 and a 200-day moving average of $86.34.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. The company had revenue of $292.20 million during the quarter, compared to the consensus estimate of $283.79 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, equities research analysts anticipate that Planet Fitness will post 2.5 earnings per share for the current fiscal year.

Insider Activity at Planet Fitness

In other news, insider Jennifer Simmons sold 11,453 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $96.20, for a total transaction of $1,101,778.60. Following the completion of the transaction, the insider now directly owns 19,110 shares in the company, valued at $1,838,382. The trade was a 37.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Planet Fitness

Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. grew its position in Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Planet Fitness by 69.8% in the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company's stock valued at $40,000 after buying an additional 201 shares during the period. Quarry LP grew its position in Planet Fitness by 174.7% during the second quarter. Quarry LP now owns 500 shares of the company's stock worth $37,000 after buying an additional 318 shares in the last quarter. GAMMA Investing LLC increased its stake in Planet Fitness by 396.9% during the third quarter. GAMMA Investing LLC now owns 1,898 shares of the company's stock valued at $154,000 after acquiring an additional 1,516 shares during the period. Finally, Beaumont Financial Advisors LLC acquired a new position in Planet Fitness in the 4th quarter valued at approximately $202,000. Institutional investors own 95.53% of the company's stock.

Planet Fitness Company Profile

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.