Planet Fitness stock pulls back from record after J.P. Morgan downgrade, on valuation [MarketWatch]
Planet Fitness, Inc. (PLNT)
Last planet fitness, inc. earnings: 2/25 04:05 pm
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investor.planetfitness.com/investors/default.aspx
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Source: MarketWatch
Planet Fitness stock pulls back from record after J.P. Morgan downgrade, on valuation Shares of Planet Fitness Inc. PLNT, -5.12% dropped 4.5% in afternoon trade Monday to pull back sharply from the previous session's record close, after J.P. Morgan analyst John Ivankoe downgraded the fitness center operator, citing concerns over valuation. Ivankoe cut his rating to neutral, after being at overweight since he started covering the company in August 2015, just weeks after it went public. He slashed his stock price target to $38 from $50. Ivankoe said that while "fundamentals remain strong," he doesn't believe current valuation supports expectations of earnings per share growth in the coming years. On Friday, the stock shot up 6.5% to close at a record $51.94 after the company reported second-quarter results. The company has beat the FactSet consensus for both earnings per share and revenue every quarter since it started reported results in September 2015. Have breaking news sent to y
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PLNT
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- Planet Fitness (PLNT) Earnings Expected to Grow: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
- PLANET FITNESS, INC. TO REPORT FIRST QUARTER 2024 RESULTS ON MAY 9, 2024 [Yahoo! Finance]Yahoo! Finance
- PLANET FITNESS, INC. TO REPORT FIRST QUARTER 2024 RESULTS ON MAY 9, 2024PR Newswire
- Best personal trainer certifications for 2024 [Fortune]Fortune
- Planet Fitness hires new DEI-focused CEO amid controversy over transgender locker room policy [FOX News]FOX News
PLNT
Earnings
- 2/22/24 - Beat
PLNT
Sec Filings
- 4/25/24 - Form 144
- 4/24/24 - Form 144
- 4/16/24 - Form 8-K
- PLNT's page on the SEC website