A number of research firms have changed their ratings and price targets for Planet Fitness (NYSE: PLNT):

  • 1/10/2018 – Planet Fitness had its price target raised by analysts at Cowen Inc from $30.00 to $38.00. They now have an “outperform” rating on the stock.
  • 1/5/2018 – Planet Fitness had its price target raised by analysts at Imperial Capital from $33.00 to $38.00. They now have an “outperform” rating on the stock.
  • 1/2/2018 – Planet Fitness was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating.
  • 12/28/2017 – Planet Fitness was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 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. “
  • 12/27/2017 – Planet Fitness was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 12/22/2017 – Planet Fitness was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 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. “
  • 12/18/2017 – Planet Fitness had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 12/13/2017 – Planet Fitness was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 11/20/2017 – Planet Fitness is now covered by analysts at DA Davidson. They set a “buy” rating on the stock.

Planet Fitness, Inc. (PLNT) opened at $32.66 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of -5.00. The stock has a market cap of $3,210.00 and a price-to-earnings ratio of 48.75. Planet Fitness, Inc. has a 1 year low of $18.32 and a 1 year high of $35.03.

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 business had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. equities research analysts predict that Planet Fitness, Inc. will post 0.82 earnings per share for the current year.

In other news, CEO Christopher Rondeau sold 120,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $34.27, for a total value of $4,112,400.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Richard L. Moore sold 1,640 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $27.00, for a total transaction of $44,280.00. Following the completion of the sale, the chief accounting officer now directly owns 1,640 shares in the company, valued at $44,280. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,074,427 shares of company stock worth $32,989,022. 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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