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PLNT

Planet Fitness

$70.61

-1.72 (-2.38%)

07:19
09/03/19
09/03
07:19
09/03/19
07:19

Berenberg downgrades Planet Fitness to Hold on assumption

Berenberg analyst Alex Maroccia assumed coverage of Planet Fitness and downgraded the stock to Hold from Buy, stating that he believes a premium valuation is warranted but that the shares seem fairly valued at current levels. As Planet Fitness' store opening growth begins to slow, he sees the company's replacement equipment sales making up for the lower contribution from new equipment sales, Maroccia tells investors. However, he sees few near-term catalysts and lowered the price target on the stock to $69 from $80.

PLNT Planet Fitness
$70.61

-1.72 (-2.38%)

08/07/19
PIPR
08/07/19
NO CHANGE
Target $84
PIPR
Overweight
Planet Fitness should be bought on post-earnings weakness, says Piper Jaffray
Piper Jaffray analyst Peter Keith recommends using any post-earnings weakness in shares of Planet Fitness as a buying opportunity. The company's comp growth remained in the high-single-digits and margins saw nice expansion, Keith tells investors in a research note. Further, while the full year guidance was raised, it still looks fairly conservative, adds the analyst. He expects Planet Fitness to exceed its full year earnings target of 26% and reiterates an Overweight rating on the shares with an $84 price target.
08/07/19
JEFF
08/07/19
NO CHANGE
Target $90
JEFF
Buy
Jefferies boosts Planet Fitness target to $90, says story one of market's best
Jefferies analyst Randal Konik raised his price target for Planet Fitness (PLNT) to $90 from $85 saying the company's Q2 results continue to illustrate that it is a platform of consumer aggregation "with tenets that resemble" Amazon.com (AMZN). The company benefits from a trend toward wellness and has a low-price model "that is unbeatable," Konik tells investors in a research note. Ehanced consumer proximity is Planet Fitness's "next step for domination," which will lead to a further acceleration in member share and drive sales, earnings, and cash flow higher, contends the analyst. He continue to view the story "as one of the best in the market" and keeps a Buy rating on the shares.
08/07/19
ROTH
08/07/19
NO CHANGE
Target $86
ROTH
Buy
Planet Fitness price target raised to $86 from $80 at Roth Capital
Roth Capital analyst Dave King raised his price target for Planet Fitness to $86 from $80 after the company's results beat on stronger equipment revenue and lower expenses that offset slightly slower corporate comps. The analyst notes that management raised 2019 guidance to reflect the Q2 upside and accelerating store openings, though guidance does not include a possible Black Card pricing increase. He reiterates a Buy rating on the shares.
09/03/19
BREN
09/03/19
DOWNGRADE
BREN
Hold
Planet Fitness downgraded to Hold from Buy at Berenberg

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