A number of firms have modified their ratings and price targets on shares of Planet Fitness (NYSE: PLNT) recently:
Planet Fitness, Inc. (PLNT) traded down 1.10% on Thursday, reaching $26.06. 522,665 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $26.35 and a 200-day moving average price of $26.35. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 44.93 and a beta of 0.86. Planet Fitness, Inc. has a 52 week low of $19.56 and a 52 week high of $27.22.
Planet Fitness (NYSE:PLNT) last issued its earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The business had revenue of $107.31 million during the quarter, compared to the consensus estimate of $101.99 million. During the same period last year, the company earned $0.17 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, analysts predict that Planet Fitness, Inc. will post $0.47 earnings per share for the current year.
In other Planet Fitness news, CEO Christopher Rondeau sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $26.43, for a total value of $528,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 60,000 shares of company stock valued at $1,581,000 over the last ninety days. Corporate 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.