Planet Fitness, Inc. Webb Analyzer J. Hardman now expects the company to post $ 0.28 in the quarter, down from its previous forecast of $ 0.29. Planet Fitness (NYSE: PLNT) announced its earnings results on Thursday, November 4. The company reported $ 0.25 billion in the quarter, up from $ 0.17 to $ 0.08. The company earned $ 154.30 million in the quarter, compared to analysts’ estimate of $ 134.79 million. Planet Fitness had a net margin of 5.15% and a negative return of 6.18%. Planetary fitness revenue increased by 46.4 percent compared to the same quarter last year. During the same quarter last year, the company generated $ 0.02 per share.
Many other research analysts have also been evaluated. Morgan Stanley raised its value on planet fitness shares from $ 93.00 to $ 101.00 and gave the stock “overweight” in a research note on Friday. Robert W. Bard rated the value of planet fitness shares from $ 100.00 to $ 110.00 in a research note on Friday. He said the move was a call for review. Roth Capital raised its market capitalization from “neutral” to “buy” levels and set a $ 100.00 price target for the company on Monday, August 16. Da Davidson rallied his “target” rating on planet fitness stock from $ 85.00 to $ 105.00 in a “buy” rating to the company on Friday. Finally, Zacks Investment Research It rallied Planet Fitness shares from the “sell” level to the “hold” level and set a $ 78.00 target price for the company in a study note on Tuesday, August 10. Two research analysts rated the stock as selling, four rated holdings and eight rated the company. According to MarketBeat.com, the stock currently has a holding price of $ 87.36.
Shares PLNT stock It opened at $ 95.73 on Monday. The company has a market capitalization of $ 8.29 billion, a PE ratio of 308.81 and 1.21 Beta. The company’s 50-day moving average is $ 80.13 and the two-day average is $ 77.76. Planet Fitness has a 1-year low of $ 63.05 and a 1-year high of $ 99.60.
In related news, CFO Thomas J. Fezgerald III acquired 1,000 business shares on Thursday, August 19. The shares were bought at an average price of $ 69.29, valued at $ 69,290.00. Following the acquisition, the Chief Financial Officer currently owns 8,194 shares in the company, valued at $ 567,762.26. The purchase is described in a document submitted to the Securities and Exchange Commission. This hyperlink. Also, President Dorvin de Lively on Thursday, August 26, sold 48,467 shares of the company. The stock traded at an average of $ 79.79, with a total trading volume of $ 3,867,181.93. A description of this sale may be available. over here. 6.41% of the shareholder is in the company.
Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc. increased its holdings in Planet Fitness by 82.0 percent in the second quarter. IFP Advisors Inc. acquired an additional 146 shares and acquired 324 shares worth $ 25,000. Edmond DE Rothschild Holding SA grew by 4.2 percent on the planet in the first quarter. Edmund de Rotschild Holding SA, now acquiring an additional 147 shares, now owns 3,682 shares worth $ 285,000. Infusive Asset Management Inc. Planet Fitness rose 13.6 percent in the first quarter. Infusive Asset Management Inc. acquired 1,399 shares worth $ 108,000 after purchasing an additional 168 shares last quarter. Asset Management One Co. Ltd. Planet Fitness rose 14.0 percent in the third quarter. Property Management One company acquired an additional 183 shares in the first quarter, valued at 1,494 shares, valued at $ 117,000. Finally, DAVENPORT & Co LLC grew by 9.4% on Planet Exercise in the 2nd quarter. DAVENPORT & Co LLC acquired 2,865 shares worth $ 216,000 after purchasing an additional 246 shares last quarter. 97.17% of the stock is currently held by institutional investors and hedge funds.
About Planet Fitness
Planet Fitness, Inc. is involved in the operation and franchise of fitness centers. It works in the following parts: Free Frances, enterprise-owned stores and equipment. The franchise component includes operations related to the company’s franchise business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.
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