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 stock was sold at an average price of $30.09, for a total transaction of $1,805,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $26.43, for a total transaction of $528,600.00.

Shares of Planet Fitness, Inc. (NYSE:PLNT) opened at $30.08 on Friday. The stock has a market cap of $2,974.16, a P/E ratio of 37.80, a PEG ratio of 1.97 and a beta of 0.84. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $30.83. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of -5.00.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. sell-side analysts anticipate that Planet Fitness, Inc. will post 0.82 earnings per share for the current fiscal year.

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PLNT has been the topic of several research reports. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, October 11th. BidaskClub raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $29.00 target price on shares of Planet Fitness in a research note on Thursday, October 19th. Cowen and Company reaffirmed a “buy” rating and set a $30.00 target price on shares of Planet Fitness in a research note on Friday, November 10th. Finally, Imperial Capital lifted their target price on shares of Planet Fitness from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 15th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.60.

Several institutional investors have recently added to or reduced their stakes in PLNT. UBS Asset Management Americas Inc. raised its stake in shares of Planet Fitness by 49.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 17,502 shares of the company’s stock valued at $337,000 after acquiring an additional 5,800 shares during the period. American International Group Inc. raised its stake in shares of Planet Fitness by 75.7% in the 1st quarter. American International Group Inc. now owns 15,869 shares of the company’s stock valued at $306,000 after acquiring an additional 6,835 shares during the period. FMR LLC purchased a new stake in shares of Planet Fitness in the 1st quarter valued at approximately $599,000. Teachers Advisors LLC raised its stake in shares of Planet Fitness by 635.3% in the 1st quarter. Teachers Advisors LLC now owns 327,565 shares of the company’s stock valued at $6,312,000 after acquiring an additional 283,015 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Planet Fitness by 40.6% in the 1st quarter. Vanguard Group Inc. now owns 4,977,283 shares of the company’s stock valued at $95,913,000 after acquiring an additional 1,436,427 shares during the period.

Planet Fitness Company Profile

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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