Cowen and Company reissued their buy rating on shares of Planet Fitness, Inc. (NYSE:PLNT) in a report published on Friday. The firm currently has a $30.00 target price on the stock.

Several other brokerages also recently weighed in on PLNT. Zacks Investment Research downgraded Planet Fitness from a buy rating to a hold rating 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. Bank of America Corporation raised their target price on Planet Fitness from $32.00 to $33.00 and gave the company a buy rating in a research note on Wednesday, November 8th. Imperial Capital raised their target price on Planet Fitness from $25.00 to $28.00 and gave the company an outperform rating in a research note on Tuesday, August 15th. Finally, Robert W. Baird restated an outperform rating and set a $31.00 target price (up from $28.00) on shares of Planet Fitness in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $29.60.

Shares of Planet Fitness (PLNT) opened at $30.12 on Friday. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57. The firm has a market capitalization of $2,962.36, a PE ratio of 37.65, a PEG ratio of 1.96 and a beta of 0.84. Planet Fitness has a 52 week low of $18.32 and a 52 week high of $30.22.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $97.50 million during the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. 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 earnings per share. sell-side analysts predict that Planet Fitness will post 0.82 EPS for the current fiscal year.

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In other news, CEO Christopher Rondeau sold 20,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $26.75, for a total transaction of $535,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Richard L. Moore sold 1,640 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $27.00, for a total transaction of $44,280.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,640 shares in the company, valued at approximately $44,280. The disclosure for this sale can be found here. Insiders have sold 91,840 shares of company stock worth $2,433,704 in the last ninety days. Corporate insiders own 19.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dai Ichi Life Insurance Company Ltd bought a new position in Planet Fitness in the third quarter worth about $3,722,000. Axiom International Investors LLC DE lifted its holdings in Planet Fitness by 29.9% in the third quarter. Axiom International Investors LLC DE now owns 393,765 shares of the company’s stock worth $10,624,000 after acquiring an additional 90,658 shares during the last quarter. Legal & General Group Plc lifted its holdings in Planet Fitness by 65.2% in the third quarter. Legal & General Group Plc now owns 34,529 shares of the company’s stock worth $932,000 after acquiring an additional 13,625 shares during the last quarter. American International Group Inc. lifted its holdings in Planet Fitness by 8.1% in the third quarter. American International Group Inc. now owns 56,517 shares of the company’s stock worth $1,525,000 after acquiring an additional 4,225 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Planet Fitness by 106.7% in the third quarter. D.A. Davidson & CO. now owns 12,849 shares of the company’s stock worth $346,000 after acquiring an additional 6,632 shares during the last quarter.

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.

Analyst Recommendations for Planet Fitness (NYSE:PLNT)

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