A number of other research firms have also recently commented on PLNT. ValuEngine upgraded shares of Planet Fitness from a buy rating to a strong-buy rating in a report on Tuesday, August 14th. Imperial Capital increased their price target on shares of Planet Fitness from $40.00 to $45.00 and gave the company an inline rating in a report on Friday, August 10th. Roth Capital set a $55.00 price target on shares of Planet Fitness and gave the company a buy rating in a report on Saturday, August 11th. Piper Jaffray Companies reiterated a buy rating and set a $60.00 price target on shares of Planet Fitness in a report on Sunday, August 12th. Finally, Cowen reiterated a buy rating and set a $58.00 price target on shares of Planet Fitness in a report on Sunday, August 12th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Planet Fitness currently has a consensus rating of Buy and an average target price of $50.15.
NYSE:PLNT opened at $54.16 on Monday. Planet Fitness has a 52 week low of $25.55 and a 52 week high of $55.35. The company has a debt-to-equity ratio of -7.61, a quick ratio of 2.05 and a current ratio of 2.08. The company has a market cap of $5.29 billion, a PE ratio of 64.48, a PEG ratio of 2.46 and a beta of 0.55.
In related news, CFO Dorvin D. Lively sold 31,893 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $50.82, for a total transaction of $1,620,802.26. Following the transaction, the chief financial officer now owns 31,893 shares in the company, valued at $1,620,802.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher Rondeau sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $46.65, for a total transaction of $933,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 598,672 shares of company stock worth $29,964,156. 19.87% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC bought a new position in Planet Fitness in the second quarter worth approximately $223,000. NumerixS Investment Technologies Inc raised its position in Planet Fitness by 47.4% in the second quarter. NumerixS Investment Technologies Inc now owns 5,306 shares of the company’s stock worth $230,000 after acquiring an additional 1,706 shares during the period. Global X Management Co LLC raised its position in Planet Fitness by 78.2% in the second quarter. Global X Management Co LLC now owns 5,769 shares of the company’s stock worth $253,000 after acquiring an additional 2,532 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Planet Fitness in the first quarter worth approximately $253,000. Finally, Segall Bryant & Hamill LLC bought a new position in Planet Fitness in the first quarter worth approximately $255,000. Institutional investors own 92.39% of the company’s stock.
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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