Planet Fitness, Inc. (NYSE:PLNT) had its price objective lifted by Imperial Capital from $28.00 to $33.00 in a research report released on Thursday. They currently have an outperform rating on the stock.

PLNT has been the subject of several other reports. Zacks Investment Research upgraded Planet Fitness from a hold rating to a buy rating and set a $29.00 price objective for the company in a research report on Wednesday, October 11th. BidaskClub upgraded Planet Fitness from a sell rating to a hold rating in a research note on Saturday, August 5th. Jefferies Group LLC restated a buy rating and issued a $29.00 target price on shares of Planet Fitness in a research note on Thursday, October 19th. Finally, Robert W. Baird restated an outperform rating and issued a $31.00 target price (up previously from $28.00) on shares of Planet Fitness in a research note on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $29.40.

Shares of Planet Fitness (NYSE:PLNT) traded up $0.82 on Thursday, hitting $30.12. The company had a trading volume of 1,449,281 shares, compared to its average volume of 1,234,699. The company has a debt-to-equity ratio of -4.46, a current ratio of 1.29 and a quick ratio of 1.28. Planet Fitness has a 1-year low of $18.32 and a 1-year high of $30.22. The firm has a market cap of $2,960.00 and a price-to-earnings ratio of 37.54.

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 Thomson Reuters’ consensus estimate of $0.16 by $0.03. Planet Fitness had a negative return on equity of 42.09% and a net margin of 11.44%. The business had revenue of $97.50 million during the quarter, compared to analyst estimates of $93.55 million. During the same period in the previous year, the firm earned $0.16 EPS. Planet Fitness’s quarterly revenue was up 12.1% compared to the same quarter last year. research analysts anticipate that Planet Fitness will post 0.81 EPS for the current fiscal year.

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In other news, CEO Christopher Rondeau sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $27.04, for a total transaction of $27,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Richard L. Moore sold 9,200 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $27.02, for a total value of $248,584.00. Following the sale, the chief accounting officer now owns 9,200 shares in the company, valued at approximately $248,584. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,840 shares of company stock worth $2,433,704. Company insiders own 19.87% of the company’s stock.

Several institutional investors have recently made changes to their positions in PLNT. BlackRock Inc. raised its stake in shares of Planet Fitness by 108.4% during the 2nd quarter. BlackRock Inc. now owns 4,799,995 shares of the company’s stock worth $112,033,000 after purchasing an additional 2,496,984 shares in the last quarter. Wasatch Advisors Inc. bought a new stake in shares of Planet Fitness during the 2nd quarter worth approximately $41,580,000. Junto Capital Management LP bought a new stake in shares of Planet Fitness during the 2nd quarter worth approximately $37,227,000. DSAM Partners London Ltd bought a new stake in shares of Planet Fitness during the 2nd quarter worth approximately $36,383,000. Finally, Vanguard Group Inc. raised its stake in shares of Planet Fitness by 30.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,481,876 shares of the company’s stock worth $151,286,000 after purchasing an additional 1,504,593 shares in the last quarter.

About Planet Fitness

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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