JP Morgan Assumes Planet Fitness Inc to Overweight

Brokerage firm JP Morgan Assumes its rating on Planet Fitness Inc(NYSE:PLNT). The shares have been rated Overweight. The rating by JP Morgan was issued on Jun 6, 2016.

In a different note, On May 12, 2016, Imperial Capital said it Maintains its rating on Planet Fitness Inc. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Outperform’ by the firm.

Planet Fitness Inc(PLNT) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.15.

Several Insider Transactions has been reported to the SEC. On Aug 13, 2015, Pierre Lecomte (director 10% owner) sold 5,033,945 shares at $14.96 per share price.Also, On Aug 13, 2015, Charles Esserman (director 10% owner) sold 5,033,945 shares at $14.96 per share price.

Planet Fitness Inc. is a holding company. The Company through its subsidiary Pla-Fit Holdings LLC. is a franchisor and operator of fitness centers in the United States. It is engaged in licensing and selling franchises under the Planet Fitness trade name owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. It operates through three segments including the Franchise segment the Corporate-owned stores segment and the Equipment segment. Its stores include around 20000 square feet of area and offer Planet Fitness-branded cardio circuit- and weight-training equipment. It also offers PE@PF fitness instruction program. As of June 30 2015 the Company owned 1014 stores including 58 corporate-owned stores and 956 franchisee-owned stores. It offers standard and PF Black Card memberships. It offers water massage beds massage chairs and tanning equipment among others to its PF Black Card members.

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