Planet Fitness, Inc. (PLNT) CEO Christopher Rondeau Sells 20,000 Shares of Stock
Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $26.43, for a total value of $528,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Christopher Rondeau also recently made the following trade(s):
- 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 value of $535,000.00.
Shares of Planet Fitness, Inc. (NYSE PLNT) traded up 0.34% during midday trading on Friday, hitting $26.36. The stock had a trading volume of 523,893 shares. Planet Fitness, Inc. has a 52 week low of $19.17 and a 52 week high of $27.22. The stock has a 50 day moving average price of $26.37 and a 200-day moving average price of $26.37. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 45.45 and a beta of 0.86.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $107.31 million for the quarter, compared to the consensus estimate of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. Equities research analysts anticipate that Planet Fitness, Inc. will post $0.47 earnings per share for the current year.
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A number of analysts have recently commented on PLNT shares. Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and issued a $29.00 price objective (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Roth Capital set a $23.00 price objective on Planet Fitness and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, BidaskClub raised Planet Fitness from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.67.
Hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in shares of Planet Fitness in the 2nd quarter valued at $145,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Planet Fitness in the 1st quarter valued at $136,000. Ameritas Investment Partners Inc. lifted its stake in shares of Planet Fitness by 234.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock valued at $173,000 after purchasing an additional 5,189 shares during the period. Fortaleza Asset Management Inc. lifted its stake in shares of Planet Fitness by 57.9% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after purchasing an additional 2,870 shares during the period. Finally, FNY Partners Fund LP acquired a new position in shares of Planet Fitness in the 1st quarter valued at $154,000.
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.
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