Planet Fitness, Inc. (NYSE:PLNT) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $30.50.
Several equities analysts recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $29.00 target price on shares of Planet Fitness in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. DA Davidson assumed coverage on shares of Planet Fitness in a research note on Monday, November 20th. They set a “buy” rating for the company. Finally, Imperial Capital raised their target price 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.
In other news, CAO Richard L. Moore sold 1,640 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $27.00, for a total value of $44,280.00. Following the completion of the sale, the chief accounting officer now owns 1,640 shares in the company, valued at approximately $44,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Rondeau sold 120,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $34.27, for a total transaction of $4,112,400.00. The disclosure for this sale can be found here. Insiders sold a total of 1,114,427 shares of company stock valued at $34,052,622 over the last three months. Corporate insiders own 19.87% of the company’s stock.
Shares of Planet Fitness (NYSE PLNT) remained flat at $$34.65 during mid-day trading on Tuesday. 818,900 shares of the company’s stock traded hands, compared to its average volume of 1,199,772. The stock has a market capitalization of $3,408.28, a P/E ratio of 52.50, a P/E/G ratio of 2.67 and a beta of 1.00. Planet Fitness has a 52-week low of $18.32 and a 52-week high of $34.84. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57.
Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data 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. The firm had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. analysts predict that Planet Fitness will post 0.82 earnings per share for the current 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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