Planet Fitness, Inc. (NYSE:PLNT) CAO Richard L. Moore sold 364,160 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,028,102.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Planet Fitness, Inc. (NYSE:PLNT) opened at $30.24 on Wednesday. Planet Fitness, Inc. has a one year low of $18.32 and a one year high of $30.52. The stock has a market capitalization of $2,983.02, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 1.97 and a beta of 0.84. 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 (NYSE:PLNT) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.19 earnings per share (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 firm had revenue of $97.50 million for the quarter, compared to analysts’ expectations of $93.55 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Planet Fitness’s revenue for the quarter was up 12.1% compared to the same quarter last year. equities research analysts expect that Planet Fitness, Inc. will post 0.82 EPS for the current fiscal year.
PLNT has been the topic of several recent analyst reports. BidaskClub upgraded Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Roth Capital set a $23.00 price target on Planet Fitness and gave the stock a “buy” rating in a research note on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price target (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $29.00 price target (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Planet Fitness presently has an average rating of “Buy” and a consensus price target of $29.60.
Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its position in shares of Planet Fitness by 49.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 17,502 shares of the company’s stock worth $337,000 after purchasing an additional 5,800 shares during the period. American International Group Inc. raised its position in shares of Planet Fitness by 75.7% during the 1st quarter. American International Group Inc. now owns 15,869 shares of the company’s stock worth $306,000 after purchasing an additional 6,835 shares during the period. FMR LLC acquired a new stake in shares of Planet Fitness during the 1st quarter worth approximately $599,000. Teachers Advisors LLC raised its position in shares of Planet Fitness by 635.3% during the 1st quarter. Teachers Advisors LLC now owns 327,565 shares of the company’s stock worth $6,312,000 after purchasing an additional 283,015 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Planet Fitness by 40.6% during the 1st quarter. Vanguard Group Inc. now owns 4,977,283 shares of the company’s stock worth $95,913,000 after purchasing an additional 1,436,427 shares during the period.
Planet Fitness Company Profile
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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