RBC Capital Remains a Buy on Planet Fitness (PLNT)
In a report released on June 9, Logan Reich from RBC Capital maintained a Buy rating on Planet Fitness, with a price target of $55.00. The company’s shares closed yesterday at $50.96.
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According to TipRanks, Reich is an analyst with an average return of -11.0% and a 45.39% success rate. Reich covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Restaurant Brands International, and Wendy’s.
Planet Fitness has an analyst consensus of Moderate Buy, with a price target consensus of $70.43.
Based on Planet Fitness’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $337.24 million and a net profit of $51.55 million. In comparison, last year the company earned a revenue of $276.66 million and had a net profit of $41.87 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLNT in relation to earlier this year. Last month, Colleen Keating, the CEO of PLNT bought 5,000.00 shares for a total of $247,700.00.
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- Planet Fitness price target raised to $54 from $50 at TD Cowen
- Planet Fitness price target lowered to $64 from $109 at Roth Capital
- Planet Fitness Balances Strong Results With Softer Outlook
- Planet Fitness price target lowered to $79 from $120 at UBS
- Arpine Kocharyan Reaffirms Buy on Planet Fitness as Growth Resilience and Asset‑Light Model Offset Near‑Term Comp Softness Despite Price Target Cut to $79
