Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $26.64, for a total value of $532,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • 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 value 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 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 $0.31 on Friday, hitting $26.82. The stock had a trading volume of 1,334,260 shares, compared to its average volume of 654,113. The stock has a market capitalization of $2.58 billion, a PE ratio of 34.08 and a beta of 0.84.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $107.31 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. sell-side analysts predict that Planet Fitness, Inc. will post 0.78 earnings per share for the current fiscal year.

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Several analysts have weighed in on the company. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, October 26th. Jefferies Group LLC reissued a “buy” rating and set a $29.00 target price on shares of Planet Fitness in a research note on Thursday, October 19th. BidaskClub cut Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Robert W. Baird reissued an “outperform” rating and set a $31.00 target price (up from $28.00) on shares of Planet Fitness in a research note on Wednesday, October 4th. Finally, Roth Capital boosted their target price on Planet Fitness from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $28.00.

A number of hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. grew its stake in Planet Fitness by 15.9% in the second quarter. Alliancebernstein L.P. now owns 6,892,227 shares of the company’s stock worth $160,865,000 after purchasing an additional 943,921 shares during the period. Vanguard Group Inc. grew its stake in Planet Fitness by 30.2% in the second quarter. Vanguard Group Inc. now owns 6,481,876 shares of the company’s stock worth $151,286,000 after purchasing an additional 1,504,593 shares during the period. Bank of New York Mellon Corp grew its stake in Planet Fitness by 17.0% in the second quarter. Bank of New York Mellon Corp now owns 5,708,936 shares of the company’s stock worth $133,246,000 after purchasing an additional 830,788 shares during the period. BlackRock Inc. grew its stake in Planet Fitness by 108.4% in the second 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 period. Finally, Capital World Investors grew its stake in Planet Fitness by 15.9% in the second quarter. Capital World Investors now owns 4,123,511 shares of the company’s stock worth $96,243,000 after purchasing an additional 565,225 shares during the period.

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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