Jefferies Group cut shares of Planet Fitness (NYSE:PLNT) from a buy rating to a hold rating in a report released on Tuesday.

A number of other analysts have also issued reports on the company. Piper Jaffray Companies reaffirmed an overweight rating on shares of Planet Fitness in a research report on Monday, December 18th. Zacks Investment Research raised Planet Fitness from a hold rating to a buy rating and set a $29.00 target price on the stock in a research report on Thursday, October 26th. Bank of America lifted their target price on Planet Fitness from $32.00 to $33.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. DA Davidson started coverage on Planet Fitness in a research report on Monday, November 20th. They set a buy rating on the stock. Finally, BidaskClub lowered Planet Fitness from a buy rating to a hold rating in a research report on Thursday, October 5th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $30.60.

Shares of Planet Fitness (NYSE PLNT) traded down $0.06 on Tuesday, hitting $32.90. The company’s stock had a trading volume of 1,436,437 shares, compared to its average volume of 1,600,550. The firm has a market capitalization of $3,250.00 and a PE ratio of 49.10. Planet Fitness has a 12 month low of $18.32 and a 12 month high of $35.03. 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 issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. The company had revenue of $97.50 million for the quarter, compared to analysts’ expectations of $93.55 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. analysts predict that Planet Fitness will post 0.82 EPS for the current year.

In related news, CEO Christopher Rondeau sold 1,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $27.04, for a total value of $27,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Richard L. Moore sold 9,200 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $27.02, for a total value of $248,584.00. Following the completion of the sale, the chief accounting officer now directly owns 9,200 shares of the company’s stock, valued at $248,584. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,074,427 shares of company stock valued at $32,989,022. 19.87% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its holdings in Planet Fitness by 11.7% in the third quarter. GSA Capital Partners LLP now owns 44,555 shares of the company’s stock valued at $1,202,000 after buying an additional 4,655 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Planet Fitness in the third quarter valued at about $594,000. Argent Capital Management LLC bought a new stake in Planet Fitness in the third quarter valued at about $1,105,000. California Public Employees Retirement System increased its holdings in Planet Fitness by 10.5% in the third quarter. California Public Employees Retirement System now owns 23,200 shares of the company’s stock valued at $626,000 after buying an additional 2,200 shares during the last quarter. Finally, Davidson Kempner Capital Management LP increased its holdings in Planet Fitness by 22.5% in the third quarter. Davidson Kempner Capital Management LP now owns 857,585 shares of the company’s stock valued at $23,138,000 after buying an additional 157,585 shares during the last quarter.

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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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