Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of Planet Fitness stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $20.46, for a total value of $409,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, December 29th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.98, for a total value of $399,600.00.
  • On Wednesday, December 28th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.77, for a total value of $395,400.00.
  • On Tuesday, December 13th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.88, for a total value of $417,600.00.
  • On Tuesday, November 29th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.81, for a total value of $416,200.00.
  • On Monday, November 28th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $21.20, for a total value of $424,000.00.
  • On Monday, November 14th, Christopher Rondeau sold 2,000 shares of Planet Fitness stock. The stock was sold at an average price of $24.57, for a total value of $49,140.00.
  • On Friday, November 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $21.02, for a total value of $420,400.00.
  • On Thursday, November 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.88, for a total value of $417,600.00.
  • On Thursday, October 20th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.54, for a total value of $390,800.00.
  • On Wednesday, October 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.42, for a total value of $388,400.00.

Shares of Planet Fitness, Inc. (NYSE:PLNT) opened at 20.68 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 75.20 and a beta of 0.90. Planet Fitness, Inc. has a 52-week low of $13.23 and a 52-week high of $25.10. The stock has a 50 day moving average price of $20.40 and a 200-day moving average price of $20.60.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $87 million for the quarter, compared to the consensus estimate of $79.32 million. Planet Fitness had a return on equity of 485.81% and a net margin of 3.65%. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. On average, equities research analysts anticipate that Planet Fitness, Inc. will post $0.47 EPS for the current fiscal year.

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

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A number of brokerages have issued reports on PLNT. Macquarie began coverage on Planet Fitness in a report on Thursday, January 5th. They issued an “outperform” rating and a $28.00 price target for the company. Guggenheim reissued a “buy” rating and issued a $24.00 price target on shares of Planet Fitness in a report on Friday, December 23rd. Goldman Sachs Group, Inc. (The) began coverage on Planet Fitness in a report on Thursday, January 5th. They issued an “outperform” rating and a $28.00 price target for the company. Jefferies Group reissued a “buy” rating and issued a $27.00 price target (up from $26.00) on shares of Planet Fitness in a report on Thursday, October 27th. Finally, Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, January 3rd. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Planet Fitness presently has an average rating of “Buy” and a consensus price target of $24.17.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLNT. BlackRock Group LTD increased its position in Planet Fitness by 129.9% in the third quarter. BlackRock Group LTD now owns 5,923 shares of the company’s stock worth $119,000 after buying an additional 3,347 shares in the last quarter. BlackRock Advisors LLC increased its position in Planet Fitness by 3.2% in the second quarter. BlackRock Advisors LLC now owns 7,732 shares of the company’s stock worth $146,000 after buying an additional 240 shares in the last quarter. American International Group Inc. increased its position in Planet Fitness by 3.3% in the second quarter. American International Group Inc. now owns 9,045 shares of the company’s stock worth $171,000 after buying an additional 288 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Planet Fitness during the third quarter worth about $182,000. Finally, Nationwide Fund Advisors increased its position in Planet Fitness by 4.6% in the second quarter. Nationwide Fund Advisors now owns 10,261 shares of the company’s stock worth $194,000 after buying an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 84.51% of the company’s stock.

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 its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic.

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