Shares of Planet Fitness, Inc. (NYSE:PLNT) have received a consensus rating of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $29.60.
A number of research analysts have recently commented on the company. Cowen restated an “outperform” rating and issued a $28.00 target price (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Roth Capital set a $23.00 target price on Planet Fitness and gave the company a “buy” rating in a research note on Thursday, August 10th. Jefferies Group reiterated a “buy” rating and set a $29.00 price objective (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Zacks Investment Research cut Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Robert W. Baird reiterated 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.
In other news, CEO Christopher Rondeau sold 60,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $30.09, for a total value of $1,805,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Richard L. Moore sold 1,640 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $27.00, for a total value of $44,280.00. Following the completion of the transaction, the chief accounting officer now owns 1,640 shares of the company’s stock, valued at approximately $44,280. The disclosure for this sale can be found here. Insiders sold 645,753 shares of company stock valued at $18,854,271 in the last 90 days. Company insiders own 19.87% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in shares of Planet Fitness by 11.7% in the third quarter. GSA Capital Partners LLP now owns 44,555 shares of the company’s stock worth $1,202,000 after acquiring an additional 4,655 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Planet Fitness in the third quarter worth $594,000. Argent Capital Management LLC bought a new stake in shares of Planet Fitness in the third quarter worth $1,105,000. California Public Employees Retirement System grew its holdings in shares of Planet Fitness by 10.5% in the third quarter. California Public Employees Retirement System now owns 23,200 shares of the company’s stock worth $626,000 after acquiring an additional 2,200 shares during the period. Finally, Davidson Kempner Capital Management LP grew its holdings in shares of Planet Fitness by 22.5% in the third quarter. Davidson Kempner Capital Management LP now owns 857,585 shares of the company’s stock worth $23,138,000 after acquiring an additional 157,585 shares during the period.
Planet Fitness (NYSE:PLNT) traded down $0.09 on Friday, hitting $31.67. The stock had a trading volume of 453,262 shares, compared to its average volume of 1,211,685. The stock has a market cap of $3,087.61, a PE ratio of 39.24, a PEG ratio of 2.42 and a beta of 1.00. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of -5.00. Planet Fitness has a 52 week low of $18.32 and a 52 week high of $32.92.
Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $97.50 million during the quarter, compared to analysts’ expectations of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. sell-side analysts predict that Planet Fitness will post 0.82 EPS for the current fiscal year.
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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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