Planet Fitness (NYSE:PLNT) had its price target hoisted by Imperial Capital from $45.00 to $55.00 in a research note published on Friday, MarketBeat.com reports. They currently have an inline rating on the stock.

A number of other equities research analysts have also weighed in on the company. TheStreet raised Planet Fitness from a c- rating to a b rating in a research report on Monday, August 6th. Roth Capital set a $55.00 target price on Planet Fitness and gave the company a buy rating in a research report on Saturday, August 11th. ValuEngine raised Planet Fitness from a buy rating to a strong-buy rating in a research report on Tuesday, August 14th. Guggenheim lifted their target price on Planet Fitness from $55.00 to $57.00 and gave the company a buy rating in a research report on Monday, September 24th. Finally, DA Davidson set a $58.00 target price on Planet Fitness and gave the company a buy rating in a research report on Tuesday, October 16th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Planet Fitness has an average rating of Buy and a consensus target price of $52.46.

NYSE PLNT traded down $1.62 on Friday, reaching $54.99. 974,528 shares of the stock traded hands, compared to its average volume of 1,280,935. The firm has a market cap of $5.47 billion, a PE ratio of 65.46, a price-to-earnings-growth ratio of 2.41 and a beta of 0.75. Planet Fitness has a 12 month low of $28.98 and a 12 month high of $57.66.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, November 6th. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $136.66 million during the quarter, compared to analyst estimates of $126.10 million. Planet Fitness had a negative return on equity of 94.59% and a net margin of 11.22%. Planet Fitness’s revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. On average, equities research analysts anticipate that Planet Fitness will post 1.2 earnings per share for the current year.

In related news, CFO Dorvin D. Lively sold 105,127 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $51.23, for a total transaction of $5,385,656.21. Following the transaction, the chief financial officer now directly owns 41,874 shares of the company’s stock, valued at approximately $2,145,205.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Rondeau sold 80,000 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $50.81, for a total value of $4,064,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 500,226 shares of company stock valued at $25,288,012. Corporate insiders own 19.87% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. American International Group Inc. increased its position in Planet Fitness by 1.8% during the 3rd quarter. American International Group Inc. now owns 58,694 shares of the company’s stock valued at $3,171,000 after buying an additional 1,059 shares in the last quarter. Strs Ohio increased its position in Planet Fitness by 11.6% during the 3rd quarter. Strs Ohio now owns 12,500 shares of the company’s stock valued at $675,000 after buying an additional 1,300 shares in the last quarter. NumerixS Investment Technologies Inc increased its position in Planet Fitness by 47.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,306 shares of the company’s stock valued at $230,000 after buying an additional 1,706 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Planet Fitness by 7.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 28,462 shares of the company’s stock valued at $1,251,000 after buying an additional 1,854 shares in the last quarter. Finally, Amalgamated Bank increased its position in Planet Fitness by 16.9% during the 2nd quarter. Amalgamated Bank now owns 13,525 shares of the company’s stock valued at $594,000 after buying an additional 1,959 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.

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Analyst Recommendations for Planet Fitness (NYSE:PLNT)

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