Shares of Planet Fitness Inc (NYSE:PLNT) have earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $34.14.

Several brokerages have recently issued reports on PLNT. Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Jefferies Group lowered Planet Fitness from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Bank of America raised their price target on Planet Fitness from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Piper Jaffray Companies reissued an “overweight” rating on shares of Planet Fitness in a research report on Monday, December 18th. Finally, Cowen raised their price objective on Planet Fitness from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th.

Shares of Planet Fitness (PLNT) traded up $0.74 during midday trading on Wednesday, reaching $31.50. 381,506 shares of the company’s stock were exchanged, compared to its average volume of 1,099,229. Planet Fitness has a twelve month low of $18.32 and a twelve month high of $35.03. The company has a debt-to-equity ratio of -5.00, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market capitalization of $3,070.00 and a PE ratio of 46.72.

In other Planet Fitness news, CFO Dorvin D. Lively sold 38,674 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $32.29, for a total transaction of $1,248,783.46. Following the completion of the sale, the chief financial officer now directly owns 38,674 shares in the company, valued at approximately $1,248,783.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher Rondeau sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $30.42, for a total value of $1,216,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 688,674 shares of company stock valued at $22,503,951. 19.87% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Caxton Associates LP bought a new position in shares of Planet Fitness during the 4th quarter valued at approximately $624,000. AMP Capital Investors Ltd lifted its holdings in Planet Fitness by 46.2% in the 4th quarter. AMP Capital Investors Ltd now owns 55,736 shares of the company’s stock worth $1,931,000 after purchasing an additional 17,606 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Planet Fitness in the 4th quarter worth approximately $4,298,000. Geode Capital Management LLC lifted its holdings in Planet Fitness by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 703,069 shares of the company’s stock worth $24,347,000 after purchasing an additional 4,285 shares in the last quarter. Finally, Investec Asset Management LTD raised its holdings in shares of Planet Fitness by 13.2% during the 4th quarter. Investec Asset Management LTD now owns 4,838,749 shares of the company’s stock worth $167,566,000 after acquiring an additional 564,783 shares in 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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