Planet Fitness, Inc. (PLNT) CFO Sells $1,248,783.46 in Stock
Planet Fitness, Inc. (NYSE:PLNT) CFO Dorvin D. Lively sold 38,674 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $32.29, for a total transaction of $1,248,783.46. Following the completion of the transaction, the chief financial officer now directly owns 38,674 shares in the company, valued at $1,248,783.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Planet Fitness, Inc. (NYSE PLNT) traded down $0.39 on Tuesday, hitting $31.12. 652,723 shares of the company were exchanged, compared to its average volume of 1,206,162. The company has a debt-to-equity ratio of -5.00, a current ratio of 1.57 and a quick ratio of 1.56. Planet Fitness, Inc. has a one year low of $18.32 and a one year high of $32.92. The company has a market capitalization of $3,161.39, a price-to-earnings ratio of 40.17, a P/E/G ratio of 2.48 and a beta of 1.00.
Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The company had revenue of $97.50 million for the quarter, compared to analyst estimates of $93.55 million. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. analysts predict that Planet Fitness, Inc. will post 0.82 earnings per share for the current year.
A number of research firms have weighed in on PLNT. DA Davidson began coverage on shares of Planet Fitness in a research note on Monday, November 20th. They issued a “buy” rating on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Planet Fitness in a research note on Friday, November 10th. Cowen reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Planet Fitness in a research note on Friday, November 10th. Bank of America raised their price objective on shares of Planet Fitness from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Imperial Capital raised their price objective on shares of Planet Fitness from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $29.60.
COPYRIGHT VIOLATION NOTICE: “Planet Fitness, Inc. (PLNT) CFO Sells $1,248,783.46 in Stock” was first published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/planet-fitness-inc-plnt-cfo-sells-1248783-46-in-stock.html.
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.
Receive News & Ratings for Planet Fitness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness and related companies with MarketBeat.com's FREE daily email newsletter.