Planet Fitness, Inc. (PLNT) CEO Sells $1,952,400.00 in Stock

Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $32.54, for a total value of $1,952,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, December 21st, Christopher Rondeau sold 120,000 shares of Planet Fitness stock. The stock was sold at an average price of $34.27, for a total value of $4,112,400.00.
  • On Tuesday, December 5th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The stock was sold at an average price of $31.98, for a total value of $1,918,800.00.
  • On Wednesday, November 15th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The stock was sold at an average price of $30.09, for a total value of $1,805,400.00.
  • 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 value 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 value 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 value 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 value of $517,400.00.

Shares of Planet Fitness, Inc. (NYSE:PLNT) opened at $32.37 on Friday. Planet Fitness, Inc. has a 52-week low of $18.32 and a 52-week high of $35.03. The company has a market capitalization of $3,180.00 and a price-to-earnings ratio of 48.31. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57.

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

PLNT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, October 11th. BidaskClub upgraded Planet Fitness from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. DA Davidson started coverage on Planet Fitness in a research report on Monday, November 20th. They issued a “buy” rating for the company. Cowen reiterated a “buy” rating and set a $30.00 price objective on shares of Planet Fitness in a research report on Friday, November 10th. Finally, Jefferies Group reiterated a “buy” rating and set a $33.00 price objective on shares of Planet Fitness in a research report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Planet Fitness has a consensus rating of “Buy” and a consensus price target of $32.88.

Several large investors have recently made changes to their positions in PLNT. Investec Asset Management LTD acquired a new stake in shares of Planet Fitness during the 3rd quarter valued at $115,312,000. BlackRock Inc. lifted its holdings in shares of Planet Fitness by 108.4% in the second 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 in the last quarter. Wasatch Advisors Inc. purchased a new stake in shares of Planet Fitness in the second quarter valued at $41,580,000. Junto Capital Management LP purchased a new stake in shares of Planet Fitness in the second quarter valued at $37,227,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Planet Fitness by 30.2% in the second quarter. Vanguard Group Inc. now owns 6,481,876 shares of the company’s stock valued at $151,286,000 after purchasing an additional 1,504,593 shares in the last quarter.

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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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