In a report released yesterday, Anthony Bonadio from Wells Fargo maintained a Buy rating on Planet Fitness, with a price target of $65.00. The company’s shares closed yesterday at $51.94.
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Bonadio covers the Consumer Cyclical sector, focusing on stocks such as Hasbro, Vail Resorts, and Planet Fitness. According to TipRanks, Bonadio has an average return of 14.0% and a 66.67% success rate on recommended stocks.
Planet Fitness has an analyst consensus of Moderate Buy, with a price target consensus of $70.43, a 35.60% upside from current levels. In a report released on June 16, Jefferies also maintained a Buy rating on the stock with a $133.00 price target.
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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