Dorvin D. Lively Sells 105,443 Shares of Planet Fitness, Inc. (PLNT) Stock

Planet Fitness, Inc. (NYSE:PLNT) CFO Dorvin D. Lively sold 105,443 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $31.50, for a total transaction of $3,321,454.50. Following the completion of the sale, the chief financial officer now directly owns 67,273 shares of the company’s stock, valued at $2,119,099.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Planet Fitness, Inc. (PLNT) opened at $33.01 on Friday. Planet Fitness, Inc. has a 52-week low of $18.32 and a 52-week high of $33.04. The firm has a market cap of $3,130.89, a P/E ratio of 39.79, a PEG ratio of 2.45 and a beta of 1.00. 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 released its earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The firm had revenue of $97.50 million during the quarter, compared to the consensus estimate of $93.55 million. During the same period in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. sell-side analysts anticipate that Planet Fitness, Inc. will post 0.82 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Planet Fitness by 1,196.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 243,061 shares of the company’s stock valued at $5,673,000 after acquiring an additional 224,311 shares during the period. Federated Investors Inc. PA grew its position in shares of Planet Fitness by 26.8% during the 2nd quarter. Federated Investors Inc. PA now owns 270,000 shares of the company’s stock valued at $6,302,000 after acquiring an additional 57,000 shares during the period. BlackRock Inc. grew its position 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 valued at $112,033,000 after acquiring an additional 2,496,984 shares during the period. Principal Financial Group Inc. grew its position in shares of Planet Fitness by 7.7% during the 2nd quarter. Principal Financial Group Inc. now owns 851,131 shares of the company’s stock valued at $19,866,000 after acquiring an additional 60,939 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Planet Fitness by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 327,736 shares of the company’s stock valued at $7,649,000 after acquiring an additional 46,554 shares during the period.

A number of brokerages have issued reports on PLNT. Zacks Investment Research downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson began coverage on shares of Planet Fitness in a research report on Monday, November 20th. They issued a “buy” rating for the company. Cowen reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Planet Fitness in a research report on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Planet Fitness in a research report on Friday, November 10th. Finally, Bank of America upped their price objective on shares of Planet Fitness from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.60.

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Planet Fitness Company Profile

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.

Insider Buying and Selling by Quarter for Planet Fitness (NYSE:PLNT)

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