Planet Fitness Inc [PLNT] stock is trading at $64.81, up 1.39%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PLNT shares have gain 3.27% over the last week, with a monthly amount drifted -4.23%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, /C O R R E C T I O N — Planet Fitness, Inc./. In a post published today on Yahoo Finance, In the news release, Planet Fitness, Inc. Announces Fourth Quarter and Year-End 2023 Results, issued 22-Feb-2024 by Planet Fitness, Inc. over PR Newswire, we are advised by the company that the second bullet in the 2024 Outlook section should read “System-wide same store sales in the 5% to 6% percentage range” rather than “System-wide same store sales in the high single-digit percentage range” as originally issued inadvertently. The complete, corrected release follows:.
From an analyst’s perspective:
Planet Fitness Inc [NYSE: PLNT] stock has seen the most recent analyst activity on October 16, 2023, when Exane BNP Paribas upgraded its rating to a Neutral but kept the price target unchanged to $45 for it. Previously, Morgan Stanley started tracking the stock with Overweight rating on September 27, 2023, and set its price target to $62. On September 19, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $52 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $56 on September 18, 2023. TD Cowen downgraded its rating to a Market Perform but $55 remained the price target by the analyst firm on September 15, 2023. Exane BNP Paribas downgraded its rating to Underperform for this stock on June 23, 2023, but kept the price target unchanged to $57. In a note dated May 19, 2023, RBC Capital Mkts initiated an Outperform rating and provided a target price of $86 on this stock.
Planet Fitness Inc [PLNT] stock has fluctuated between $44.13 and $84.48 over the past year. Currently, Wall Street analysts expect the stock to reach $89.62 within the next 12 months. Planet Fitness Inc [NYSE: PLNT] shares were valued at $64.81 at the most recent close of the market. An investor can expect a potential return of 38.28% based on the average PLNT price forecast.
Analyzing the PLNT fundamentals
Planet Fitness Inc [NYSE:PLNT] reported sales of 1.07B for the trailing twelve months, which represents a growth of 1.36%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.88 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-17.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 64.01 points at the first support level, and at 63.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.32, and for the 2nd resistance point, it is at 65.83.
Planet Fitness Inc [PLNT] reported earnings per share of $0.6 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.58/share, meaning a difference of $0.02 and a surprise factor of 3.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.59 per share as compared to estimates of $0.55 per share, a difference of $0.04 representing a surprise of 7.30%.
Ratios To Look Out For
For context, Planet Fitness Inc’s Current Ratio is 1.88. In addition, the Quick Ratio stands at 1.86 and the Cash Ratio stands at 1.28. Considering the valuation of this stock, the price to sales ratio is 5.17 and price to earnings (TTM) ratio is 39.92.
Transactions by insiders
Recent insider trading involved BENSON CRAIG R, Interim CEO, that happened on Dec 11 ’23 when 10000.0 shares were purchased. Director, Rondeau Christopher completed a deal on Dec 06 ’23 to sell 1.0 million shares. Meanwhile, Chief Executive Officer Rondeau Christopher bought 10000.0 shares on Jun 05 ’23.
