Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 80,000 shares of Planet Fitness stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $29.34, for a total transaction of $2,347,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, November 6th, Christopher Rondeau sold 1,000 shares of Planet Fitness stock. The shares were sold at an average price of $27.04, for a total transaction of $27,040.00.
  • On Wednesday, November 1st, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.64, for a total transaction of $532,800.00.
  • On Thursday, October 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $25.87, for a total transaction of $517,400.00.
  • On Tuesday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.75, for a total transaction of $535,000.00.
  • On Wednesday, October 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.43, for a total transaction of $528,600.00.

Planet Fitness, Inc. (PLNT) opened at $30.33 on Tuesday. The stock has a market cap of $2,962.36, a P/E ratio of 37.65, a PEG ratio of 1.96 and a beta of 0.84. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of -5.00. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $30.52.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $97.50 million for the quarter, compared to analysts’ expectations of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. research analysts expect that Planet Fitness, Inc. will post 0.82 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on PLNT. Jefferies Group LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Planet Fitness in a research report on Friday. Cowen and Company restated a “buy” rating and set a $30.00 price target on shares of Planet Fitness in a research report on Friday. Bank of America Corporation boosted their price target on shares of Planet Fitness from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Imperial Capital boosted their price target on shares of Planet Fitness from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Finally, Robert W. Baird restated an “outperform” rating and set a $31.00 price target (up from $28.00) on shares of Planet Fitness in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Planet Fitness presently has a consensus rating of “Buy” and an average price target of $29.60.

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of Planet Fitness by 1,196.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 243,061 shares of the company’s stock worth $5,673,000 after purchasing an additional 224,311 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Planet Fitness in the 1st quarter worth approximately $1,234,000. Federated Investors Inc. PA grew its stake in shares of Planet Fitness by 26.8% in the 2nd quarter. Federated Investors Inc. PA now owns 270,000 shares of the company’s stock worth $6,302,000 after purchasing an additional 57,000 shares during the last quarter. BlackRock Inc. grew its stake in shares of Planet Fitness by 108.4% in the 2nd quarter. BlackRock Inc. now owns 4,799,995 shares of the company’s stock worth $112,033,000 after purchasing an additional 2,496,984 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Planet Fitness by 7.7% in the 2nd quarter. Principal Financial Group Inc. now owns 851,131 shares of the company’s stock worth $19,866,000 after purchasing an additional 60,939 shares during the last quarter.

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.

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

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