Stifel Nicolaus analyst Christopher O`Cull maintained a Buy rating on Planet Fitness (NYSE:PLNT) on Friday, setting a price target of $100, which is approximately 11.06% above the present share price of $90.04.
O`Cull expects Planet Fitness to post earnings per share (EPS) of $0.21 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Planet Fitness, with an average price target of $99.
The analysts price targets range from a high of $115 to a low of $84.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $154.26 million and a net profit of $44.55 million. The company's market cap is $7.5 billion.
According to TipRanks.com, Stifel Nicolaus analyst Christopher O`Cull is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.9% and a 71.10% success rate.
Planet Fitness, Inc. engages in the operation and franchise of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic, and Panama. The Corporate-Owned Stores segment deals with the operations with respect to all corporate-owned stores throughout the U.S. and Canada. The Equipment segment sells equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Newington, NH.