Insider Selling: Planet Fitness, Inc. (PLNT) CAO Sells 364,160 Shares of Stock
Planet Fitness, Inc. (NYSE:PLNT) CAO Richard L. Moore sold 364,160 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $29.52, for a total transaction 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 approximately $6,028,102.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Planet Fitness, Inc. (NYSE PLNT) traded up $0.21 during trading on Monday, reaching $30.33. 1,117,150 shares of the company were exchanged, compared to its average volume of 1,234,702. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of -5.00. The company has a market cap of $2,962.36, a price-to-earnings ratio of 37.65, a PEG ratio of 1.96 and a beta of 0.84. Planet Fitness, Inc. has a twelve month low of $18.32 and a twelve month high of $30.22.
Planet Fitness (NYSE:PLNT) last posted its earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $97.50 million for the quarter, compared to analyst estimates of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. Planet Fitness’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. research analysts anticipate that Planet Fitness, Inc. will post 0.82 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/11/13/insider-selling-planet-fitness-inc-plnt-cao-sells-364160-shares-of-stock.html.
Several analysts have recently issued reports on PLNT shares. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and issued a $29.00 price target (up previously from $26.00) on shares of Planet Fitness in a research report on Thursday, August 10th. BidaskClub raised shares of Planet Fitness from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Roth Capital boosted their price target on shares of Planet Fitness from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Bank of America Corporation boosted their price target on shares of Planet Fitness from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Planet Fitness presently has an average rating of “Buy” and an average price target of $29.60.
Large investors have recently modified their holdings of the company. D.A. Davidson & CO. bought a new position in shares of Planet Fitness in the 2nd quarter worth $145,000. Oppenheimer Asset Management Inc. bought a new position in shares of Planet Fitness in the 1st quarter worth $136,000. Ameritas Investment Partners Inc. increased its holdings in shares of Planet Fitness by 234.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock worth $173,000 after buying an additional 5,189 shares during the last quarter. Fortaleza Asset Management Inc. increased its holdings in shares of Planet Fitness by 57.9% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock worth $183,000 after buying an additional 2,870 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Planet Fitness in the 3rd quarter worth $214,000.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness Inc. and related companies with MarketBeat.com's FREE daily email newsletter.