Analysts’ Weekly Ratings Updates for Planet Fitness (PLNT)

Planet Fitness (NYSE: PLNT) recently received a number of ratings updates from brokerages and research firms:

  • 7/25/2017 – Planet Fitness was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/19/2017 – Planet Fitness was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/12/2017 – Planet Fitness was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “Planet Fitness, Inc. franchises and operates fitness centers through its subsidiaries. The company’s operating segments consists of Franchise, Corporate-owned stores and Equipment. It is engaged in licensing and selling franchises under the Planet Fitness trade name, owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. Planet Fitness, Inc. is headquartered in Newington, New Hampshire. “
  • 7/9/2017 – Planet Fitness was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/3/2017 – Planet Fitness was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/27/2017 – Planet Fitness was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/16/2017 – Planet Fitness was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/6/2017 – Planet Fitness had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $26.00 price target on the stock.

Shares of Planet Fitness, Inc. (NYSE:PLNT) remained flat at $22.76 on Tuesday. The company’s stock had a trading volume of 1,023,949 shares. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $25.10. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 42.30 and a beta of 0.92. The company has a 50 day moving average price of $22.83 and a 200-day moving average price of $21.05.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, May 2nd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Planet Fitness had a net margin of 6.99% and a negative return on equity of 79.66%. The company had revenue of $91.10 million during the quarter, compared to analysts’ expectations of $91.33 million. Analysts forecast that Planet Fitness, Inc. will post $0.47 EPS for the current fiscal year.

In related news, Director Charles Esserman sold 16,085,510 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $20.28, for a total value of $326,214,142.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $20.28, for a total transaction of $405,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,125,510 shares of company stock valued at $327,023,543. Insiders own 19.87% of the company’s stock.

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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