Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $26.75, for a total value of $535,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, October 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $26.43, for a total value of $528,600.00.

Shares of Planet Fitness, Inc. (PLNT) remained flat at $26.27 during mid-day trading on Thursday. 796,910 shares of the company’s stock were exchanged. The company’s 50 day moving average is $26.37 and its 200 day moving average is $26.37. Planet Fitness, Inc. has a 12-month low of $19.17 and a 12-month high of $27.22. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 45.29 and a beta of 0.86.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $107.31 million for the quarter, compared to analyst estimates of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. Planet Fitness’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. Equities analysts expect that Planet Fitness, Inc. will post $0.47 earnings per share for the current fiscal year.

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PLNT has been the topic of several recent research reports. BidaskClub downgraded Planet Fitness from a “hold” rating to a “sell” rating in a report on Sunday, July 9th. Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and issued a $29.00 price target on shares of Planet Fitness in a report on Thursday, September 14th. Imperial Capital raised their price target on Planet Fitness from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Tuesday, August 15th. Finally, Roth Capital set a $23.00 price target on Planet Fitness and gave the stock a “buy” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Planet Fitness has a consensus rating of “Buy” and an average price target of $27.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Davidson Kempner Capital Management LP bought a new stake in Planet Fitness during the 2nd quarter worth approximately $16,338,000. Lord Abbett & CO. LLC grew its position in Planet Fitness by 36.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,807,699 shares of the company’s stock worth $65,532,000 after acquiring an additional 742,857 shares during the last quarter. Wasatch Advisors Inc. bought a new stake in Planet Fitness during the 2nd quarter worth approximately $41,580,000. Public Employees Retirement System of Ohio grew its position in Planet Fitness by 2.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,498 shares of the company’s stock worth $2,089,000 after acquiring an additional 2,369 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Planet Fitness by 234.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock worth $173,000 after acquiring an additional 5,189 shares during the last quarter.

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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