Planet Fitness Inc. (NYSE:PLNT) Director Pierre Lecomte sold 8,000,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $19.62, for a total transaction of $156,960,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Planet Fitness Inc. (NYSE:PLNT) opened at 20.07 on Friday. Planet Fitness Inc. has a 12 month low of $13.23 and a 12 month high of $23.41. The firm’s market capitalization is $892.89 million. The firm’s 50-day moving average is $20.97 and its 200-day moving average is $18.45.
Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, August 11th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $91.50 million for the quarter, compared to analysts’ expectations of $78.95 million. Planet Fitness had a return on equity of 2,244.54% and a net margin of 1.74%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, equities research analysts expect that Planet Fitness Inc. will post $0.47 EPS for the current year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, June 29th. Piper Jaffray Cos. raised their price target on shares of Planet Fitness from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. Jefferies Group reaffirmed a “buy” rating and set a $26.00 price target (up from $25.00) on shares of Planet Fitness in a research note on Friday, August 12th. JPMorgan Chase & Co. assumed coverage on shares of Planet Fitness in a research note on Monday, June 6th. They set an “overweight” rating and a $22.00 price target on the stock. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a $19.00 target price on shares of Planet Fitness in a research report on Monday, June 27th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Planet Fitness has an average rating of “Buy” and a consensus target price of $21.95.
Several hedge funds have recently made changes to their positions in PLNT. Stifel Financial Corp acquired a new stake in shares of Planet Fitness during the second quarter valued at approximately $894,000. Elk Creek Partners LLC boosted its position in Planet Fitness by 39.9% in the second quarter. Elk Creek Partners LLC now owns 624,508 shares of the company’s stock valued at $11,791,000 after buying an additional 178,237 shares in the last quarter. Capital World Investors boosted its position in Planet Fitness by 13.8% in the second quarter. Capital World Investors now owns 3,329,286 shares of the company’s stock valued at $62,857,000 after buying an additional 403,000 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in Planet Fitness by 270.2% in the second quarter. Landscape Capital Management L.L.C. now owns 55,478 shares of the company’s stock valued at $1,047,000 after buying an additional 40,493 shares in the last quarter. Finally, Barclays PLC boosted its position in Planet Fitness by 11.0% in the second quarter. Barclays PLC now owns 31,976 shares of the company’s stock valued at $603,000 after buying an additional 3,176 shares in the last quarter. Institutional investors own 83.52% of the company’s stock.
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 its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic.
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.