Today’s Price Action: Planet Fitness Inc Has Another Very Strong Trading Session

Today's Price Action: Planet Fitness Inc Has Another Very Strong Trading Session

The stock of Planet Fitness Inc (NYSE:PLNT) is a huge mover today! About 659,941 shares traded hands or 14.88% up from the average. Planet Fitness Inc (NYSE:PLNT) has risen 54.15% since April 8, 2016 and is uptrending. It has outperformed by 48.50% the S&P500.
The move comes after 6 months positive chart setup for the $2.45B company. It was reported on Nov, 10 by Barchart.com. We have $36.43 PT which if reached, will make NYSE:PLNT worth $1.27B more.

Planet Fitness Inc (NYSE:PLNT) Ratings Coverage

Out of 14 analysts covering Planet Fitness (NYSE:PLNT), 13 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. Planet Fitness has been the topic of 22 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, January 4 by Roth Capital. The stock of Planet Fitness Inc (NYSE:PLNT) earned “Outperform” rating by William Blair on Monday, August 31. The company was maintained on Monday, October 31 by Imperial Capital. Robert W. Baird initiated Planet Fitness Inc (NYSE:PLNT) on Monday, August 31 with “Outperform” rating. The firm earned “Buy” rating on Monday, August 31 by Jefferies. The stock of Planet Fitness Inc (NYSE:PLNT) earned “Outperform” rating by Imperial Capital on Monday, August 15. The rating was initiated by JP Morgan with “Overweight” on Monday, August 31. JP Morgan initiated Planet Fitness Inc (NYSE:PLNT) on Monday, June 6 with “Overweight” rating. Guggenheim initiated the shares of PLNT in a report on Monday, August 31 with “Buy” rating. Wedbush maintained Planet Fitness Inc (NYSE:PLNT) on Wednesday, May 11 with “Outperform” rating.

According to Zacks Investment Research, “Planet Fitness, Inc. franchises and operates fitness centers through its subsidiaries. The company’s operating segments consists of Franchise, Corporate-owned stores and Equipment. It is engaged in licensing and selling franchises under the Planet Fitness trade name, owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. Planet Fitness, Inc. is headquartered in Newington, New Hampshire.”

More notable recent Planet Fitness Inc (NYSE:PLNT) news were published by: Fool.com which released: “Strong Same-Store Sales Growth Powers Planet Fitness, Inc. Earnings Higher” on October 28, 2016, also Prnewswire.com with their article: “Planet Fitness, Inc. Announces Third Quarter 2016 Results” published on October 26, 2016, Prnewswire.com published: “Planet Fitness, Inc. Announces Secondary Offering of Class A Common Stock by …” on September 22, 2016. More interesting news about Planet Fitness Inc (NYSE:PLNT) were released by: Prnewswire.com and their article: “Planet Fitness, Inc. Announces Second Quarter 2016 Results” published on August 11, 2016 as well as Fool.com‘s news article titled: “Planet Fitness Inc Stock Up 12% Today: Here’s What’s Happening” with publication date: June 24, 2016.

PLNT Company Profile

Planet Fitness, Inc., incorporated on March 16, 2015, is a franchisor and operator of fitness centers in the United States. The Firm operates through three divisions: Franchise, Corporate-owned stores and Equipment. The Franchise segment includes activities related to its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic. The Corporate-owned stores segment includes activities with respect to all corporate-owned stores throughout the United States and Canada. The Equipment segment includes the sale of equipment to franchisee-owned stores in the United States.

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