Planet Fitness (PLNT): Solid Beat and Un-Amazonable - Cowen

August 12, 2016 6:17 AM EDT
Get Alerts PLNT Hot Sheet
Price: $19.30 -1.33%

Rating Summary:
    12 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Cowen anlayst, Oliver Chen, reiterated his Outperform rating on shares of Planet Fitness (NYSE: PLNT) after the company's 2Q EPS of 17c was 2c ahead of the street with comps better (+7.6% vs. St. +5.9%), driven by volume.

The analyst stated "we like PLNT's prospects for expansion to West Coast + International, underscored by compelling increasing royalty rate in the franchise business, and benefits from Nat'l Ad. Campaign".

The price target goes to $24.00 (from $19.00).

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 $20.33 yesterday.

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