Planet Fitness, Inc. (PLNT) CAO Richard L. Moore Sells 364,160 Shares of Stock

Planet Fitness, Inc. (NYSE:PLNT) CAO Richard L. Moore sold 364,160 shares of Planet Fitness stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $29.52, for a total value of $10,750,003.20. Following the completion of the sale, the chief accounting officer now directly owns 204,204 shares in the company, valued at $6,028,102.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Planet Fitness, Inc. (NYSE PLNT) opened at $30.33 on Tuesday. Planet Fitness, Inc. has a 12 month low of $18.32 and a 12 month high of $30.52. The company has a market capitalization of $2,962.36, a price-to-earnings ratio of 37.65, a PEG ratio of 1.96 and a beta of 0.84. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of -5.00.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. The business had revenue of $97.50 million for the quarter, compared to analyst estimates of $93.55 million. During the same quarter in the prior year, the company posted $0.16 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. sell-side analysts expect that Planet Fitness, Inc. will post 0.82 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the company. Geneva Advisors LLC lifted its stake in shares of Planet Fitness by 4.1% in the 2nd quarter. Geneva Advisors LLC now owns 40,691 shares of the company’s stock valued at $950,000 after purchasing an additional 1,600 shares during the last quarter. Wolverine Trading LLC lifted its stake in shares of Planet Fitness by 24.5% in the 2nd quarter. Wolverine Trading LLC now owns 11,704 shares of the company’s stock valued at $274,000 after purchasing an additional 2,304 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Planet Fitness by 2.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,498 shares of the company’s stock valued at $2,089,000 after purchasing an additional 2,369 shares during the last quarter. AHL Partners LLP lifted its stake in shares of Planet Fitness by 11.0% in the 2nd quarter. AHL Partners LLP now owns 27,748 shares of the company’s stock valued at $648,000 after purchasing an additional 2,756 shares during the last quarter. Finally, Fortaleza Asset Management Inc. lifted its stake in shares of Planet Fitness by 57.9% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after purchasing an additional 2,870 shares during the last quarter.

A number of research firms have weighed in on PLNT. Jefferies Group LLC reissued a “buy” rating and set a $33.00 price objective on shares of Planet Fitness in a research note on Friday. Cowen and Company reissued a “buy” rating and set a $30.00 price objective on shares of Planet Fitness in a research note on Friday. Bank of America Corporation boosted their price objective on Planet Fitness from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Imperial Capital boosted their price objective on Planet Fitness from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Robert W. Baird reissued an “outperform” rating and set a $31.00 price objective (up previously from $28.00) on shares of Planet Fitness in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Planet Fitness presently has a consensus rating of “Buy” and an average target price of $29.60.

About Planet Fitness

Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

Insider Buying and Selling by Quarter for Planet Fitness (NYSE:PLNT)

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