Planet Fitness Inc. (PLNT) CEO Christopher Rondeau Sells 20,000 Shares
Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $19.91, for a total transaction of $398,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Christopher Rondeau also recently made the following trade(s):
- On Monday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.76, for a total transaction of $395,200.00.
Planet Fitness Inc. (NYSE:PLNT) opened at 19.95 on Friday. The company’s 50 day moving average is $20.73 and its 200-day moving average is $18.59. Planet Fitness Inc. has a 12 month low of $13.23 and a 12 month high of $23.41. The company’s market cap is $887.56 million.
Planet Fitness (NYSE:PLNT) last released its earnings results on Thursday, August 11th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company earned $91.50 million during the quarter, compared to analysts’ expectations of $78.95 million. Planet Fitness had a net margin of 1.74% and a return on equity of 2,244.54%. Planet Fitness’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. On average, analysts expect that Planet Fitness Inc. will post $0.47 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. Imperial Capital upped their target price on shares of Planet Fitness from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 15th. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, June 29th. Jefferies Group reaffirmed a “buy” rating and set a $26.00 target price (up from $25.00) on shares of Planet Fitness in a report on Friday, August 12th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $19.00 target price on shares of Planet Fitness in a report on Monday, June 27th. Finally, Piper Jaffray Cos. upped their target price on shares of Planet Fitness from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, August 12th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $21.95.
A number of hedge funds have recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in Planet Fitness by 13.8% in the second quarter. Capital World Investors now owns 3,329,286 shares of the company’s stock worth $62,857,000 after buying an additional 403,000 shares during the period. Vanguard Group Inc. boosted its stake in Planet Fitness by 66.8% in the second quarter. Vanguard Group Inc. now owns 1,635,810 shares of the company’s stock worth $30,884,000 after buying an additional 654,918 shares during the period. Citadel Advisors LLC boosted its stake in Planet Fitness by 339.3% in the second quarter. Citadel Advisors LLC now owns 1,410,132 shares of the company’s stock worth $26,623,000 after buying an additional 1,089,135 shares during the period. Lord Abbett & CO. LLC bought a new stake in Planet Fitness during the second quarter worth approximately $23,815,000. Finally, Copper Rock Capital Partners LLC bought a new stake in Planet Fitness during the second quarter worth approximately $19,279,000. Institutional investors own 83.52% of the company’s stock.
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 its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic.
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