Breaking News Instant updates and real-time market news.

PLNT

Planet Fitness

$46.47

1.39 (3.08%)

12:54
07/12/18
07/12
12:54
07/12/18
12:54

Planet Fitness climbs after lawmakers pass tax break for gym memberships

Shares of Planet Fitness (PLNT) are higher on Thursday after U.S lawmakers passed tax breaks for gym memberships. Shares are also benefiting from an analyst note out yesterday. Planet Fitness franchises and operates fitness centers under the Planet Fitness name. It operates in three segments: Franchise, Corporate-Owned Stores, and Equipment. TAX DEDUCTIONS FOR HEALTH: A special panel of the House of Representatives advanced a bipartisan bill on Thursday that would allow taxpayers to claim deductions for gym memberships, fitness classes and other workout expenses to promote a healthy lifestyle. "Americans should have the ability to save and spend their health care dollars the way they want and need," said House Ways and Means Chairman Kevin Brady, according to a report from the Washington Examiner. According to media reports, the legislation would give individuals a $500 allowance on gym memberships and other sports and fitness expenses. ANALYST LIKES BALANCE SHEET: Piper Jaffray analyst Peter Keith raised his price target for Planet Fitness to $51 following the company's announced debt refinance. Importantly, Planet Fitness will likely use an increased cash position to begin repurchasing stock as early as Q4, Keith told investors in a research note on Wednesday. The analyst said he finds it reasonable that the company can repurchase $400M-$900M of stock in 2019 or 10%-20% of its market capitalization. He reiterated an Overweight rating on the shares. PRICE ACTION: Shares of Planet Fitness are up 3.1% or $1.40 to $46.59 in afternoon trading.

PLNT Planet Fitness
$46.47

1.39 (3.08%)

06/11/18
COWN
06/11/18
NO CHANGE
Target $50
COWN
Outperform
Planet Fitness price target raised to $50 from $45 at Cowen
Cowen analyst Oliver Chen raised his price target on Planet Fitness to $50 from $45 following meetings with management. The analyst believes its model will sustain growth given its appealing low-price membership, structural demand for health and wellness, high millennial interest, and unit and comp growth. Chen reiterated his Outperform rating on Planet Fitness shares.
06/20/18
BREN
06/20/18
INITIATION
Target $53
BREN
Buy
Planet Fitness initiated with a Buy at Berenberg
Berenberg started Planet Fitness with a Buy rating and $53 price target.
06/25/18
BARD
06/25/18
NO CHANGE
Target $50
BARD
Outperform
Planet Fitness price target raised to $50 from $45 at Baird
Baird analyst Jonathan Komp raised his price target on Planet Fitness to $50 from $45 based on its bullish long-term outlook on a sizable opportunity, multiple comp drivers, attractive financial model, and addition upside levers. Komp reiterated his Outperform rating on Planet Fitness shares.
07/11/18
PIPR
07/11/18
NO CHANGE
Target $51
PIPR
Overweight
Planet Fitness price target raised to $51 from $47 at Piper Jaffray
Piper Jaffray analyst Peter Keith raised his price target for Planet Fitness to $51 following the company's announced debt refinance. Importantly, Planet Fitness will likely use an increased cash position to begin repurchasing stock as early as Q4, Keith tells investors in a research note. The analyst finds it reasonable that the company can repurchase $400M-$900M of stock in 2019, or 10%-20% of its market capitalization. He reiterates an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

WRK

WestRock

$41.90

-2.46 (-5.55%)

12:44
12/17/18
12/17
12:44
12/17/18
12:44
Downgrade
WestRock rating change  »

WestRock downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ORCL

Oracle

$46.51

-0.11 (-0.24%)

, AMZN

Amazon.com

$1,558.09

-34.05 (-2.14%)

12:43
12/17/18
12/17
12:43
12/17/18
12:43
On The Fly
Fly Intel: What to watch for in Oracle's earnings report »

Oracle (ORCL) is…

ORCL

Oracle

$46.51

-0.11 (-0.24%)

AMZN

Amazon.com

$1,558.09

-34.05 (-2.14%)

IBM

IBM

$118.18

-1.69 (-1.41%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Dec

  • 19

    Dec

  • 20

    Dec

  • 04

    Jan

  • 07

    Jan

  • 03

    Mar

  • 04

    Mar

KKR

KKR

$20.00

-0.12 (-0.60%)

12:40
12/17/18
12/17
12:40
12/17/18
12:40
Options
KKR puts lead calls 14:1 and implied volatility is at 52-week highs »

KKR puts lead calls 14:1…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:40
12/17/18
12/17
12:40
12/17/18
12:40
General news
U.S. VIX equity volatility is up 4.5% near 22.60 »

U.S. VIX equity…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$259.65

-0.96 (-0.37%)

12:38
12/17/18
12/17
12:38
12/17/18
12:38
Hot Stocks
Gundlach says China, U.S. trade war getting worse »

Jeffrey Gundlach of…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$259.65

-0.96 (-0.37%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$259.83

-0.78 (-0.30%)

, SPX

S&P 500

$0.00

(0.00%)

12:34
12/17/18
12/17
12:34
12/17/18
12:34
Hot Stocks
Gundlach reiterates view that next big move for U.S. dollar is down »

Jeffrey Gundlach of…

SPY

SPDR S&P 500 ETF Trust

$259.83

-0.78 (-0.30%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$259.90

-0.71 (-0.27%)

, SPX

S&P 500

$0.00

(0.00%)

12:32
12/17/18
12/17
12:32
12/17/18
12:32
Hot Stocks
Hearings, investigations into Trump 'building uncertainty,' says Gundlach »

Jeffrey Gundlach of…

SPY

SPDR S&P 500 ETF Trust

$259.90

-0.71 (-0.27%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SBUX

Starbucks

$65.34

0.02 (0.03%)

12:30
12/17/18
12/17
12:30
12/17/18
12:30
Options
Sweep buyers of Starbucks Dec 64 calls »

Sweep buyers of Starbucks…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CNC

Centene

$120.17

-7.38 (-5.79%)

, MOH

Molina Healthcare

$115.51

-16.21 (-12.31%)

12:25
12/17/18
12/17
12:25
12/17/18
12:25
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks opened deep in…

CNC

Centene

$120.17

-7.38 (-5.79%)

MOH

Molina Healthcare

$115.51

-16.21 (-12.31%)

WCG

WellCare

$237.31

0.41 (0.17%)

GS

Goldman Sachs

$170.86

-1.94 (-1.12%)

JACK

Jack in the Box

$83.25

3.03 (3.78%)

PTI

Proteostasis

$5.05

0.235 (4.89%)

RHHBY

Roche

$0.00

(0.00%)

ACHC

Acadia

$27.47

-1.43 (-4.95%)

UHS

Universal Health

$119.65

-1.34 (-1.11%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Dec

  • 05

    Feb

  • 18

    Mar

12:25
12/17/18
12/17
12:25
12/17/18
12:25
General news
Doubleline's Gundlach said this "seems to be a bear market" »

Doubleline's…

NVAX

Novavax

$2.33

-0.095 (-3.93%)

12:20
12/17/18
12/17
12:20
12/17/18
12:20
Options
Novavax calls lead puts 40:1 after a strong week »

Novavax calls lead puts…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XPO

XPO Logistics

$54.54

3.12 (6.07%)

12:18
12/17/18
12/17
12:18
12/17/18
12:18
Recommendations
XPO Logistics analyst commentary  »

Deutsche says change…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
12/17/18
12/17
12:17
12/17/18
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
12/17/18
12/17
12:16
12/17/18
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

YETI

Yeti

$13.54

-0.23 (-1.67%)

12:15
12/17/18
12/17
12:15
12/17/18
12:15
Conference/Events
Yeti management to meet with Jefferies »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Dec

  • 14

    Jan

AGNC

AGNC Investment

$18.03

0.01 (0.06%)

12:15
12/17/18
12/17
12:15
12/17/18
12:15
Options
AGNC Investment Corp. put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$260.32

-0.29 (-0.11%)

12:14
12/17/18
12/17
12:14
12/17/18
12:14
Hot Stocks
Gundlach says Federal Reserve should not raise rates this week »

Jeffrey Gundlach of…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$260.32

-0.29 (-0.11%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$260.08

-0.53 (-0.20%)

12:11
12/17/18
12/17
12:11
12/17/18
12:11
Hot Stocks
Gundlach sees 10-year treasury at 6% by 2021 »

Jeffrey Gundlach of…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$260.08

-0.53 (-0.20%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$260.00

-0.61 (-0.23%)

, SPX

S&P 500

$0.00

(0.00%)

12:08
12/17/18
12/17
12:08
12/17/18
12:08
Hot Stocks
Almost no real economic growth happening away from deficit, Gundlach says »

Jeffrey Gundlach of…

SPY

SPDR S&P 500 ETF Trust

$260.00

-0.61 (-0.23%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PINC

Premier

$37.80

-0.09 (-0.24%)

12:08
12/17/18
12/17
12:08
12/17/18
12:08
Conference/Events
Premier management to meet with Jefferies »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Dec

BBY

Best Buy

$54.14

-1.23 (-2.22%)

, AAPL

Apple

$167.64

2.16 (1.31%)

12:07
12/17/18
12/17
12:07
12/17/18
12:07
On The Fly
Best Buy slips after BofA downgrades to 'sell' on concerns of slowing industry growth »

Shares of Best Buy (BBY)…

BBY

Best Buy

$54.14

-1.23 (-2.22%)

AAPL

Apple

$167.64

2.16 (1.31%)

BAC

Bank of America

$24.84

0.35 (1.43%)

AMZN

Amazon.com

$1,562.32

-29.82 (-1.87%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Dec

  • 20

    Dec

  • 04

    Jan

  • 07

    Jan

  • 12

    Feb

AXP

American Express

$103.75

-1.98 (-1.87%)

12:06
12/17/18
12/17
12:06
12/17/18
12:06
Hot Stocks
American Express reports November net write-off rate 2.0% vs. 2.0% last month »

Reports November 30 days…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$260.04

-0.57 (-0.22%)

12:06
12/17/18
12/17
12:06
12/17/18
12:06
Hot Stocks
Gundlach thinks bear market 'lasts a long time' »

Jeffrey Gundlach of…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$260.04

-0.57 (-0.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

12:05
12/17/18
12/17
12:05
12/17/18
12:05
Hot Stocks
Gundlach says VIX 'disturbing' as its not going higher »

Jeffrey Gundlach of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CPB

Campbell Soup

$39.55

0.4 (1.02%)

12:05
12/17/18
12/17
12:05
12/17/18
12:05
Options
Campbell Soup call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.