Planet Fitness (PLNT) Getting Somewhat Favorable Press Coverage, Study Finds

Media stories about Planet Fitness (NYSE:PLNT) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9497549778688 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Planet Fitness (PLNT) opened at $33.07 on Friday. Planet Fitness has a 1 year low of $18.32 and a 1 year high of $35.03. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57. The company has a market cap of $3,250.00 and a P/E ratio of 49.36.

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

Several brokerages have recently commented on PLNT. DA Davidson began coverage on shares of Planet Fitness in a research report on Monday, November 20th. They set a “buy” rating for the company. Piper Jaffray Companies reiterated an “overweight” rating on shares of Planet Fitness in a research report on Monday, December 18th. Jefferies Group reiterated a “buy” rating and set a $33.00 price target on shares of Planet Fitness in a research report on Friday, November 10th. BidaskClub cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $31.00 price target (up previously from $28.00) on shares of Planet Fitness in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $32.88.

In related news, CEO Christopher Rondeau sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $32.54, for a total transaction of $1,952,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Richard L. Moore sold 1,640 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $27.00, for a total transaction of $44,280.00. Following the transaction, the chief accounting officer now owns 1,640 shares of the company’s stock, valued at approximately $44,280. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,114,427 shares of company stock valued at $34,424,022. Corporate insiders own 19.87% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Planet Fitness (NYSE:PLNT)

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