Planet Fitness, Inc. (NYSE:PLNT) was the target of unusually large options trading activity on Thursday. Stock investors acquired 2,626 put options on the company. This represents an increase of 4,205% compared to the average daily volume of 61 put options.

Planet Fitness (NYSE:PLNT) opened at $33.49 on Tuesday. The company has a market capitalization of $3,310.00 and a price-to-earnings ratio of 49.99. 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 has a 1 year low of $18.32 and a 1 year high of $35.03.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $97.50 million during the quarter, compared to analysts’ expectations of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. sell-side analysts forecast that Planet Fitness will post 0.82 earnings per share for the current fiscal year.

In related news, CAO Richard L. Moore sold 364,160 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 204,204 shares in the company, valued at approximately $6,028,102.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher Rondeau sold 1,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $27.04, for a total transaction of $27,040.00. The disclosure for this sale can be found here. Insiders sold 1,074,427 shares of company stock valued at $32,989,022 over the last 90 days. 19.87% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in Planet Fitness by 15.9% during the second quarter. Alliancebernstein L.P. now owns 6,892,227 shares of the company’s stock worth $160,865,000 after acquiring an additional 943,921 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Planet Fitness by 15.8% in the third quarter. Bank of New York Mellon Corp now owns 6,611,176 shares of the company’s stock worth $178,370,000 after purchasing an additional 902,240 shares in the last quarter. Vanguard Group Inc. grew its stake in Planet Fitness by 30.2% in the second quarter. Vanguard Group Inc. now owns 6,481,876 shares of the company’s stock worth $151,286,000 after purchasing an additional 1,504,593 shares in the last quarter. BlackRock Inc. lifted its holdings in Planet Fitness by 108.4% during the second 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 period. Finally, Investec Asset Management LTD purchased a new stake in Planet Fitness during the third quarter worth $115,312,000.

A number of analysts have recently commented on the company. Zacks Investment Research cut Planet Fitness from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Jefferies Group cut Planet Fitness from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Planet Fitness in a research note on Monday, December 18th. Imperial Capital raised their price target on shares of Planet Fitness from $33.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, DA Davidson began coverage on Planet Fitness in a report on Monday, November 20th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $31.88.

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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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