Stifel Nicolaus Sticks to Its Buy Rating for Planet Fitness (PLNT)

Stifel Nicolaus analyst Chris O`Cull maintained a Buy rating on Planet Fitness (PLNTResearch Report) today. The company’s shares closed yesterday at $82.36.

According to TipRanks, O`Cull is a 5-star analyst with an average return of 11.7% and a 60.28% success rate. O`Cull covers the Services sector, focusing on stocks such as Planet Fitness, Papa John’s International, and Mister Car Wash.

Planet Fitness has an analyst consensus of Strong Buy, with a price target consensus of $93.20.

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PLNT market cap is currently $7.15B and has a P/E ratio of 97.66.

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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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