RBC Capital analyst Christopher Carril maintained a Buy rating on Planet Fitness (PLNT – Research Report) yesterday and set a price target of $77.00. The company’s shares closed yesterday at $65.32.
According to TipRanks, Carril is a 5-star analyst with an average return of 13.4% and a 64.36% success rate. Carril covers the Consumer Cyclical sector, focusing on stocks such as Wendy’s, Life Time Group Holdings, and Domino’s Pizza.
In addition to RBC Capital, Planet Fitness also received a Buy from Bank of America Securities’s Alexander Perry in a report issued yesterday. However, on the same day, Stifel Nicolaus downgraded Planet Fitness (NYSE: PLNT) to a Hold.
PLNT market cap is currently $5.76B and has a P/E ratio of 37.35.
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Planet Fitness (PLNT) Company Description:
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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