Jefferies Group LLC reaffirmed their buy rating on shares of Planet Fitness, Inc. (NYSE:PLNT) in a research report sent to investors on Friday. They currently have a $33.00 price target on the stock.

A number of other brokerages have also recently weighed in on PLNT. Bank of America Corporation lifted their price target on shares of Planet Fitness from $32.00 to $33.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Imperial Capital lifted their price target on shares of Planet Fitness from $28.00 to $33.00 and gave the company an outperform rating in a research report on Thursday, November 9th. Robert W. Baird reiterated an outperform rating and set a $31.00 price target (up from $28.00) on shares of Planet Fitness in a research report on Wednesday, October 4th. BidaskClub upgraded shares of Planet Fitness from a hold rating to a buy rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of Planet Fitness from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $29.60.

Planet Fitness (PLNT) opened at $30.33 on Friday. 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 has a 52 week low of $18.32 and a 52 week high of $30.52. The company has a market cap of $2,962.36, a PE ratio of 37.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, November 7th. 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 11.44% and a negative return on equity of 44.91%. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Planet Fitness’s quarterly revenue was up 12.1% compared to the same quarter last year. equities analysts predict that Planet Fitness will post 0.82 EPS for the current fiscal year.

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In other Planet Fitness news, CAO Richard L. Moore sold 364,160 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $29.52, for a total transaction of $10,750,003.20. Following the completion of the transaction, the chief accounting officer now owns 204,204 shares in the company, valued at approximately $6,028,102.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard L. Moore sold 1,640 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was 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. Insiders sold 536,000 shares of company stock valued at $15,530,907 in the last 90 days. Company insiders own 19.87% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in Planet Fitness by 164.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,865 shares of the company’s stock worth $131,000 after acquiring an additional 3,022 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Planet Fitness during the 2nd quarter worth approximately $145,000. Oppenheimer Asset Management Inc. acquired a new position in Planet Fitness during the 1st quarter worth approximately $136,000. Ameritas Investment Partners Inc. grew its holdings in Planet Fitness by 234.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock worth $173,000 after acquiring an additional 5,189 shares in the last quarter. Finally, Fortaleza Asset Management Inc. grew its holdings in Planet Fitness by 57.9% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock worth $183,000 after acquiring an additional 2,870 shares in the last quarter.

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.

Analyst Recommendations for Planet Fitness (NYSE:PLNT)

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