Planet Fitness, Inc. (PLNT) CEO Sells $517,400.00 in Stock
Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of Planet Fitness stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $25.87, for a total value of $517,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Christopher Rondeau also recently made the following trade(s):
- 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 value 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 value of $528,600.00.
Planet Fitness, Inc. (NYSE:PLNT) traded up 1.92% during mid-day trading on Friday, reaching $26.53. The company’s stock had a trading volume of 561,606 shares. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $27.22. The firm’s 50 day moving average price is $26.34 and its 200 day moving average price is $26.34. The firm has a market capitalization of $2.27 billion, a P/E ratio of 45.74 and a beta of 0.86.
Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $107.31 million during 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%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. On average, analysts anticipate that Planet Fitness, Inc. will post $0.47 EPS for the current fiscal year.
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PLNT has been the topic of a number of analyst reports. BidaskClub downgraded Planet Fitness from a “hold” rating to a “sell” rating in a research note on Sunday, July 9th. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, October 11th. Jefferies Group LLC restated a “buy” rating and issued a $29.00 price target on shares of Planet Fitness in a research note on Thursday, September 14th. Finally, Imperial Capital lifted their price target on Planet Fitness from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.
Hedge funds and other institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new position in Planet Fitness during the 1st quarter valued at $136,000. D.A. Davidson & CO. bought a new position in Planet Fitness during the 2nd quarter valued at $145,000. FNY Partners Fund LP bought a new position in Planet Fitness during the 1st quarter valued at $154,000. Ameritas Investment Partners Inc. boosted its stake in Planet Fitness by 234.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock valued at $173,000 after purchasing an additional 5,189 shares in the last quarter. Finally, Fortaleza Asset Management Inc. boosted its stake in Planet Fitness by 57.9% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after purchasing an additional 2,870 shares in the last quarter. 94.15% of the stock is owned by hedge funds and other institutional investors.
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.
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