Stock Buzzer: Planet Fitness Inc Stock Price Declines Today

Stock Buzzer: Planet Fitness Inc Stock Price Declines Today

The stock of Planet Fitness Inc (NYSE:PLNT) is a huge mover today! About 720,953 shares traded hands. Planet Fitness Inc (NYSE:PLNT) has risen 46.28% since April 18, 2016 and is uptrending. It has outperformed by 41.85% the S&P500.
The move comes after 7 months negative chart setup for the $1.89 billion company. It was reported on Nov, 18 by Barchart.com. We have $18.29 PT which if reached, will make NYSE:PLNT worth $170.10M less.

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 has “Overweight” rating by Piper Jaffray given on Monday, August 31. The stock has “Overweight” rating given by JP Morgan on Monday, August 31. Imperial Capital maintained the shares of PLNT in a report on Thursday, May 12 with “Outperform” rating. Robert W. Baird initiated Planet Fitness Inc (NYSE:PLNT) on Monday, August 31 with “Outperform” rating. As per Monday, June 27, the company rating was reinitiated by Credit Suisse. Guggenheim initiated Planet Fitness Inc (NYSE:PLNT) on Monday, August 31 with “Buy” rating. Wedbush maintained the shares of PLNT in a report on Wednesday, May 11 with “Outperform” rating. The stock of Planet Fitness Inc (NYSE:PLNT) has “Outperform” rating given on Monday, September 21 by Wedbush. Roth Capital initiated Planet Fitness Inc (NYSE:PLNT) on Monday, January 4 with “Buy” rating. The rating was maintained by Imperial Capital on Monday, October 31 with “Outperform”.

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: Prnewswire.com which released: “Planet Fitness, Inc. Announces Secondary Offering of Class A Common Stock by …” on November 16, 2016, also Prnewswire.com with their article: “Planet Fitness Announces Special Cash Dividend Of $2.78 Per Share” published on November 10, 2016, Fool.com published: “Strong Same-Store Sales Growth Powers Planet Fitness, Inc. Earnings Higher” on October 28, 2016. More interesting news about Planet Fitness Inc (NYSE:PLNT) were released by: Prnewswire.com and their article: “Planet Fitness, Inc. Announces Third Quarter 2016 Results” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “Planet Fitness, Inc. Announces Second Quarter 2016 Results” with publication date: August 11, 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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