Planet Fitness, Inc. (PLNT) Reaches $40.33 52-Week High; Key Technology (KTEC) Sentiment Is 2.13

April 17, 2018 - By Louis Casey

Planet Fitness, Inc. (NYSE:PLNT) Logo

The stock of Planet Fitness, Inc. (NYSE:PLNT) hit a new 52-week high and has $42.75 target or 6.00% above today’s $40.33 share price. The 7 months bullish chart indicates low risk for the $3.97 billion company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $42.75 price target is reached, the company will be worth $238.08M more. The stock increased 2.94% or $1.15 during the last trading session, reaching $40.33. About 996,363 shares traded. Planet Fitness, Inc. (NYSE:PLNT) has risen 95.82% since April 17, 2017 and is uptrending. It has outperformed by 84.27% the S&P500.

Key Technology Inc (KTEC) investors sentiment decreased to 2.13 in Q4 2017. It’s down -0.20, from 2.33 in 2017Q3. The ratio fall, as 17 institutional investors opened new and increased holdings, while 8 cut down and sold their stock positions in Key Technology Inc. The institutional investors in our database now own: 3.30 million shares, up from 3.06 million shares in 2017Q3. Also, the number of institutional investors holding Key Technology Inc in top ten holdings was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 5 Increased: 9 New Position: 8.

Among 15 analysts covering Planet Fitness (NYSE:PLNT), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Planet Fitness has $40 highest and $18 lowest target. $23.31’s average target is -42.20% below currents $40.33 stock price. Planet Fitness had 29 analyst reports since August 31, 2015 according to SRatingsIntel. The stock of Planet Fitness, Inc. (NYSE:PLNT) has “Outperform” rating given on Thursday, February 2 by Imperial Capital. TH Capital initiated the shares of PLNT in report on Monday, January 4 with “Buy” rating. Imperial Capital maintained Planet Fitness, Inc. (NYSE:PLNT) on Monday, October 31 with “Outperform” rating. Stephens initiated the stock with “Equal-Weight” rating in Thursday, December 3 report. The firm has “Outperform” rating by Credit Suisse given on Monday, August 31. The rating was initiated by Piper Jaffray on Monday, August 31 with “Overweight”. Guggenheim maintained the stock with “Buy” rating in Friday, April 7 report. On Friday, August 12 the stock rating was maintained by Wedbush with “Outperform”. The stock of Planet Fitness, Inc. (NYSE:PLNT) has “Outperform” rating given on Friday, April 7 by Robert W. Baird. Guggenheim initiated the stock with “Buy” rating in Monday, August 31 report.

Planet Fitness, Inc., through its subsidiaries, franchises and operates fitness centers. The company has market cap of $3.97 billion. It operates through three divisions: Franchise, Corporate-Owned Stores, and Equipment. It has a 96.02 P/E ratio. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, and the Dominican Republic.

Analysts await Planet Fitness, Inc. (NYSE:PLNT) to report earnings on May, 1. They expect $0.27 earnings per share, up 42.11% or $0.08 from last year’s $0.19 per share. PLNT’s profit will be $26.56 million for 37.34 P/E if the $0.27 EPS becomes a reality. After $0.24 actual earnings per share reported by Planet Fitness, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

The stock increased 0.07% or $0.02 during the last trading session, reaching $26.74. About 55,195 shares traded. Key Technology, Inc. (KTEC) has risen 107.61% since April 17, 2017 and is uptrending. It has outperformed by 96.06% the S&P500.

Kokino Llc holds 32.18% of its portfolio in Key Technology, Inc. for 1.22 million shares. Teton Advisors Inc. owns 130,707 shares or 0.22% of their US portfolio. Moreover, Disciplined Growth Investors Inc Mn has 0.08% invested in the company for 219,472 shares. The California-based Eam Investors Llc has invested 0.08% in the stock. Kennedy Capital Management Inc., a Missouri-based fund reported 63,930 shares.

Planet Fitness, Inc. (NYSE:PLNT) Ratings Chart

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