Dorvin D. Lively Sells 105,443 Shares of Planet Fitness, Inc. (PLNT) Stock
Planet Fitness, Inc. (NYSE:PLNT) CFO Dorvin D. Lively sold 105,443 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $31.50, for a total transaction of $3,321,454.50. Following the completion of the sale, the chief financial officer now directly owns 67,273 shares of the company’s stock, valued at $2,119,099.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Planet Fitness, Inc. (PLNT) opened at $33.01 on Friday. Planet Fitness, Inc. has a 52-week low of $18.32 and a 52-week high of $33.04. The firm has a market cap of $3,130.89, a P/E ratio of 39.79, a PEG ratio of 2.45 and a beta of 1.00. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57.
Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The firm had revenue of $97.50 million during the quarter, compared to the consensus estimate of $93.55 million. During the same period in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. sell-side analysts anticipate that Planet Fitness, Inc. will post 0.82 earnings per share for the current fiscal year.
A number of brokerages have issued reports on PLNT. Zacks Investment Research downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson began coverage on shares of Planet Fitness in a research report on Monday, November 20th. They issued a “buy” rating for the company. Cowen reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Planet Fitness in a research report on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Planet Fitness in a research report on Friday, November 10th. Finally, Bank of America upped their price objective on shares of Planet Fitness from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.60.
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.
Receive News & Ratings for Planet Fitness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness and related companies with MarketBeat.com's FREE daily email newsletter.