Jefferies Raises Price Target on Planet Fitness (PLNT) Following Solid 3Q

October 27, 2016 8:34 AM EDT
Get Alerts PLNT Hot Sheet
Price: $20.17 +0.75%

Rating Summary:
    12 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
Trade PLNT Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies reiterated a Buy rating on Planet Fitness (NYSE: PLNT), and raised the price target to $27.00 (from $26.00), following the company's 3Q earnings report. PLNT reported system-wide comps of +10.0%, ahead of consensus of 7.2%.

Analyst Randal Konik commented, "PLNT posted a solid 3Q'16 with a beat on the top-line (10.0% SSS vs. cons. 7.2%) and bottom-line ($0.16 vs. cons. $0.14). We are encouraged by mgmt's raised guidance (revs and EPS) and contemplated spec. dividend. Reiterate Buy. Tweaking PT up to $27."

For an analyst ratings summary and ratings history on Planet Fitness click here. For more ratings news on Planet Fitness click here.

Shares of Planet Fitness closed at $20.32 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Earnings, Randal Konik

Add Your Comment