Planet Fitness, Inc. (PLNT) CEO Christopher Rondeau Sells 60,000 Shares of Stock

Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $30.09, for a total transaction of $1,805,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Christopher Rondeau also recently made the following trade(s):

  • On Thursday, November 9th, Christopher Rondeau sold 80,000 shares of Planet Fitness stock. The shares were sold at an average price of $29.34, for a total transaction of $2,347,200.00.
  • On Monday, November 6th, Christopher Rondeau sold 1,000 shares of Planet Fitness stock. The shares were sold at an average price of $27.04, for a total transaction of $27,040.00.
  • On Wednesday, November 1st, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.64, for a total transaction of $532,800.00.
  • On Thursday, October 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $25.87, for a total transaction of $517,400.00.
  • On Tuesday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.75, for a total transaction of $535,000.00.
  • On Wednesday, October 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.43, for a total transaction of $528,600.00.

Shares of Planet Fitness, Inc. (NYSE:PLNT) traded up $0.31 during trading on Friday, reaching $30.53. 1,086,400 shares of the company’s stock were exchanged, compared to its average volume of 1,230,456. Planet Fitness, Inc. has a 12 month low of $18.32 and a 12 month high of $30.83. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a market capitalization of $2,960.00 and a PE ratio of 37.78.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share (EPS) 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 company had revenue of $97.50 million during the quarter, compared to analysts’ expectations of $93.55 million. During the same period last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. research analysts predict that Planet Fitness, Inc. will post 0.82 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on PLNT shares. Zacks Investment Research downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Roth Capital set a $23.00 price objective on shares of Planet Fitness and gave the company a “buy” rating in a research report on Thursday, August 10th. Bank of America Corporation raised their price objective on shares of Planet Fitness from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Imperial Capital raised their price objective on shares of Planet Fitness from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. Finally, Cowen and Company restated an “outperform” rating and issued a $28.00 price objective (up previously from $23.00) on shares of Planet Fitness in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Planet Fitness presently has a consensus rating of “Buy” and a consensus price target of $29.60.

Institutional investors and hedge funds have recently modified their holdings of 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 buying an additional 224,311 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Planet Fitness in the 1st quarter valued at approximately $1,234,000. Federated Investors Inc. PA lifted its stake in shares of Planet Fitness by 26.8% in the 2nd quarter. Federated Investors Inc. PA now owns 270,000 shares of the company’s stock valued at $6,302,000 after purchasing an additional 57,000 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Planet Fitness by 108.4% in the 2nd quarter. BlackRock Inc. now owns 4,799,995 shares of the company’s stock valued at $112,033,000 after purchasing an additional 2,496,984 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Planet Fitness by 7.7% in the 2nd quarter. Principal Financial Group Inc. now owns 851,131 shares of the company’s stock valued at $19,866,000 after purchasing an additional 60,939 shares during the last quarter.

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.

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

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