Planet Fitness, Inc. (PLNT) CAO Sells $1,517,964.03 in Stock
Planet Fitness, Inc. (NYSE:PLNT) CAO Richard L. Moore sold 49,753 shares of Planet Fitness stock in a transaction on Monday, November 13th. The shares were sold at an average price of $30.51, for a total transaction of $1,517,964.03. Following the completion of the sale, the chief accounting officer now owns 49,753 shares in the company, valued at approximately $1,517,964.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Planet Fitness, Inc. (NYSE:PLNT) traded down $0.09 on Wednesday, hitting $30.24. The stock had a trading volume of 826,500 shares, compared to its average volume of 1,232,314. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of -5.00. The stock has a market cap of $2,983.02, a price-to-earnings ratio of 37.91, a PEG ratio of 1.97 and a beta of 0.84. Planet Fitness, Inc. has a 12-month low of $18.32 and a 12-month high of $30.52.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $97.50 million during the quarter, compared to analyst estimates of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. Planet Fitness’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. equities analysts anticipate that Planet Fitness, Inc. will post 0.82 EPS for the current fiscal year.
Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Planet Fitness by 1,196.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 243,061 shares of the company’s stock worth $5,673,000 after buying an additional 224,311 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Planet Fitness in the 1st quarter worth about $1,234,000. Federated Investors Inc. PA raised its position in Planet Fitness by 26.8% in the 2nd quarter. Federated Investors Inc. PA now owns 270,000 shares of the company’s stock worth $6,302,000 after buying an additional 57,000 shares during the last quarter. BlackRock Inc. raised its position in Planet Fitness by 108.4% in the 2nd quarter. BlackRock Inc. now owns 4,799,995 shares of the company’s stock worth $112,033,000 after buying an additional 2,496,984 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Planet Fitness by 7.7% in the 2nd quarter. Principal Financial Group Inc. now owns 851,131 shares of the company’s stock worth $19,866,000 after buying an additional 60,939 shares during the last quarter.
Several research firms recently weighed in on PLNT. BidaskClub upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $29.00 price target on shares of Planet Fitness in a report on Thursday, September 14th. Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Roth Capital raised their price objective on Planet Fitness from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Imperial Capital raised their price objective on Planet Fitness from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $29.60.
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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