Planet Fitness, Inc. (NYSE:PLNT) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $30.50.

Several equities analysts recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $29.00 target price on shares of Planet Fitness in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. DA Davidson assumed coverage on shares of Planet Fitness in a research note on Monday, November 20th. They set a “buy” rating for the company. Finally, Imperial Capital raised their target price on shares of Planet Fitness from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th.

In other news, CAO Richard L. Moore sold 1,640 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $27.00, for a total value of $44,280.00. Following the completion of the sale, the chief accounting officer now owns 1,640 shares in the company, valued at approximately $44,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Rondeau sold 120,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $34.27, for a total transaction of $4,112,400.00. The disclosure for this sale can be found here. Insiders sold a total of 1,114,427 shares of company stock valued at $34,052,622 over the last three months. Corporate insiders own 19.87% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PLNT. Envestnet Asset Management Inc. lifted 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 valued at $131,000 after buying an additional 3,022 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Planet Fitness during the 2nd quarter valued at about $145,000. Ameritas Investment Partners Inc. lifted 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 valued at $173,000 after buying an additional 5,189 shares in the last quarter. Prudential Financial Inc. bought a new stake in Planet Fitness during the 3rd quarter valued at about $214,000. Finally, Great West Life Assurance Co. Can lifted its holdings in Planet Fitness by 126.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 10,137 shares of the company’s stock valued at $236,000 after buying an additional 5,662 shares in the last quarter.

Shares of Planet Fitness (NYSE PLNT) remained flat at $$34.65 during mid-day trading on Tuesday. 818,900 shares of the company’s stock traded hands, compared to its average volume of 1,199,772. The stock has a market capitalization of $3,408.28, a P/E ratio of 52.50, a P/E/G ratio of 2.67 and a beta of 1.00. Planet Fitness has a 52-week low of $18.32 and a 52-week high of $34.84. 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 announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The firm had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. analysts predict that Planet Fitness will post 0.82 earnings per share for the current year.

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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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