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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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.
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