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 company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $18.67, for a total value of $373,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, April 18th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $18.69, for a total value of $373,800.00.
  • On Thursday, April 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.27, for a total value of $385,400.00.
  • On Friday, April 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.13, for a total value of $382,600.00.
  • On Thursday, March 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.73, for a total value of $394,600.00.
  • On Wednesday, March 22nd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.73, for a total value of $394,600.00.
  • On Monday, March 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $21.31, for a total value of $426,200.00.
  • On Tuesday, March 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.82, for a total value of $416,400.00.
  • On Thursday, February 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $21.09, for a total value of $421,800.00.
  • On Tuesday, January 24th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.31, for a total value of $406,200.00.
  • On Monday, January 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.97, for a total value of $399,400.00.

Shares of Planet Fitness Inc (NYSE:PLNT) traded up 0.11% during mid-day trading on Thursday, reaching $18.65. The company’s stock had a trading volume of 620,437 shares. Planet Fitness Inc has a 52-week low of $15.00 and a 52-week high of $25.10. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 37.53 and a beta of 0.91. The firm has a 50 day moving average price of $19.78 and a 200 day moving average price of $20.54.

Planet Fitness (NYSE:PLNT) last released its earnings results on Wednesday, March 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company earned $116.40 million during the quarter, compared to analyst estimates of $114.59 million. Planet Fitness had a return on equity of 485.81% and a net margin of 3.65%. Planet Fitness’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities analysts predict 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 analysts have recently issued reports on PLNT shares. 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. Imperial Capital restated an “outperform” rating and set a $24.00 price objective on shares of Planet Fitness in a research report on Friday, March 3rd. Macquarie started coverage on Planet Fitness in a research report on Thursday, January 5th. They set an “outperform” rating and a $28.00 price objective on the stock. Goldman Sachs Group Inc started coverage on Planet Fitness in a research report on Thursday, January 5th. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, Zacks Investment Research cut Planet Fitness from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.00.

Several institutional investors have recently added to or reduced their stakes in PLNT. Fortaleza Asset Management Inc. raised its position in Planet Fitness by 50.1% in the fourth quarter. Fortaleza Asset Management Inc. now owns 9,885 shares of the company’s stock valued at $199,000 after buying an additional 3,300 shares in the last quarter. Guggenheim Capital LLC acquired a new position in Planet Fitness during the fourth quarter valued at about $228,000. Bayesian Capital Management LP raised its position in Planet Fitness by 24.7% in the fourth quarter. Bayesian Capital Management LP now owns 13,109 shares of the company’s stock valued at $263,000 after buying an additional 2,600 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Planet Fitness by 87.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,063 shares of the company’s stock valued at $383,000 after buying an additional 8,916 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Planet Fitness during the fourth quarter valued at about $450,000. 90.78% of the stock is owned by 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 the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

5 Day Chart for NYSE:PLNT

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