In a report released on January 16, Chris O`Cull from Stifel Nicolaus maintained a Buy rating on Planet Fitness (PLNT – Research Report), with a price target of $93.00. The company’s shares closed yesterday at $82.57.
According to TipRanks, O`Cull is a 5-star analyst with an average return of 12.5% and a 62.68% success rate. O`Cull covers the Services sector, focusing on stocks such as Planet Fitness, Shake Shack, and Portillo’s.
Planet Fitness has an analyst consensus of Strong Buy, with a price target consensus of $93.64, implying a 13.41% upside from current levels. In a report released on January 10, Robert W. Baird also maintained a Buy rating on the stock with a $100.00 price target.
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PLNT market cap is currently $7.5B and has a P/E ratio of 99.24.
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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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