In a report released yesterday, Randal Konik from Jefferies maintained a Buy rating on Planet Fitness (PLNT – Research Report), with a price target of $115.00. The company’s shares closed yesterday at $82.36.
Konik covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Nike, and Callaway Golf. According to TipRanks, Konik has an average return of 3.9% and a 51.00% success rate on recommended stocks.
Planet Fitness has an analyst consensus of Strong Buy, with a price target consensus of $93.20.
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The company has a one-year high of $97.33 and a one-year low of $54.15. Currently, Planet Fitness has an average volume of 873K.
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Planet Fitness, Inc. engages in the operation and franchise of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic, and Panama. The Corporate-Owned Stores segment deals with the operations with respect to all corporate-owned stores throughout the U.S. and Canada. The Equipment segment sells equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Newington, NH.
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