Christopher Rondeau Sells 20,000 Shares of Planet Fitness, Inc. (PLNT) Stock

Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $20.46, for a total value of $409,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $19.42, for a total value of $388,400.00.

Planet Fitness, Inc. (NYSE:PLNT) opened at 20.68 on Friday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 75.20 and a beta of 0.90. The firm’s 50-day moving average price is $20.40 and its 200-day moving average price is $20.60. Planet Fitness, Inc. has a 12 month low of $13.23 and a 12 month high of $25.10.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Wednesday, October 26th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Planet Fitness had a return on equity of 485.81% and a net margin of 3.65%. The firm earned $87 million during the quarter, compared to the consensus estimate of $79.32 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. Equities research analysts predict that Planet Fitness, Inc. will post $0.47 earnings per share for the current year.

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

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A number of research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) assumed coverage on Planet Fitness in a research report on Thursday, January 5th. They set an “outperform” rating and a $28.00 price objective for the company. Macquarie assumed coverage on Planet Fitness in a research report on Thursday, January 5th. They set an “outperform” rating and a $28.00 price objective for the company. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, January 3rd. Guggenheim restated a “buy” rating and set a $24.00 price objective on shares of Planet Fitness in a research report on Friday, December 23rd. Finally, Imperial Capital boosted their price objective on Planet Fitness from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.17.

Institutional investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in Planet Fitness by 43.2% in the second quarter. Swiss National Bank now owns 43,085 shares of the company’s stock valued at $813,000 after buying an additional 13,000 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in Planet Fitness by 1.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 550,648 shares of the company’s stock valued at $10,396,000 after buying an additional 7,610 shares during the period. Emerald Acquisition Ltd. purchased a new position in Planet Fitness during the second quarter valued at approximately $1,076,000. First Trust Advisors LP purchased a new position in Planet Fitness during the second quarter valued at approximately $975,000. Finally, Ameriprise Financial Inc. boosted its position in Planet Fitness by 35.8% in the second quarter. Ameriprise Financial Inc. now owns 388,376 shares of the company’s stock valued at $7,333,000 after buying an additional 102,355 shares during the period. 84.51% of the stock is owned by hedge funds and other institutional investors.

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

5 Day Chart for NYSE:PLNT

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