Richard L. Moore Sells 1,640 Shares of Planet Fitness, Inc. (PLNT) Stock
Planet Fitness, Inc. (NYSE:PLNT) CAO Richard L. Moore sold 1,640 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $27.00, for a total value of $44,280.00. Following the transaction, the chief accounting officer now directly owns 1,640 shares of the company’s stock, valued at approximately $44,280. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Planet Fitness, Inc. (NYSE:PLNT) traded up $0.58 during trading hours on Friday, hitting $26.82. The stock had a trading volume of 1,334,260 shares, compared to its average volume of 654,113. The stock has a market cap of $2,637.80, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84. The company has a debt-to-equity ratio of -4.46, a quick ratio of 1.28 and a current ratio of 1.29.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $107.31 million for the quarter, compared to the consensus estimate of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. research analysts predict that Planet Fitness, Inc. will post 0.78 earnings per share for the current year.
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A number of research analysts have commented on PLNT shares. BidaskClub lowered Planet Fitness from a “hold” rating to a “sell” rating in a research report on Sunday, July 9th. Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, July 12th. Roth Capital set a $23.00 price target on Planet Fitness and gave the company a “buy” rating in a research report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and set a $28.00 price target (up previously from $23.00) on shares of Planet Fitness in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $29.00 price target (up previously from $26.00) on shares of Planet Fitness in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $28.00.
Several institutional investors have recently bought and sold shares of the stock. Geneva Advisors LLC grew its stake in shares of Planet Fitness by 4.1% in the 2nd quarter. Geneva Advisors LLC now owns 40,691 shares of the company’s stock worth $950,000 after buying an additional 1,600 shares during the last quarter. Wolverine Trading LLC grew its stake in shares of Planet Fitness by 24.5% in the 2nd quarter. Wolverine Trading LLC now owns 11,704 shares of the company’s stock worth $274,000 after buying an additional 2,304 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Planet Fitness by 2.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,498 shares of the company’s stock worth $2,089,000 after buying an additional 2,369 shares during the last quarter. AHL Partners LLP grew its stake in shares of Planet Fitness by 11.0% in the 2nd quarter. AHL Partners LLP now owns 27,748 shares of the company’s stock worth $648,000 after buying an additional 2,756 shares during the last quarter. Finally, Fortaleza Asset Management Inc. grew its stake in shares of Planet Fitness by 57.9% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock worth $183,000 after buying an additional 2,870 shares during 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.
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