Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 80,000 shares of Planet Fitness stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $29.34, for a total value of $2,347,200.00. The transaction 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 stock was sold at an average price of $27.04, for a total value of $27,040.00.
  • On Wednesday, November 1st, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $26.64, for a total value of $532,800.00.
  • On Thursday, October 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was 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 stock was 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 stock was sold at an average price of $26.43, for a total value of $528,600.00.

Shares of Planet Fitness, Inc. (NYSE:PLNT) traded up $0.21 on Monday, hitting $30.33. The stock had a trading volume of 1,117,150 shares, compared to its average volume of 1,234,702. The firm has a market cap of $2,962.36, a P/E ratio of 37.65, a P/E/G 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 fifty-two week low of $18.32 and a fifty-two week high of $30.22.

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

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PLNT has been the topic of a number of recent research reports. Imperial Capital lifted their target price on Planet Fitness from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday. Cowen and Company reissued a “buy” rating and set a $30.00 target price on shares of Planet Fitness in a research report on Friday. Bank of America Corporation lifted their target price on Planet Fitness from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Roth Capital set a $23.00 target price on Planet Fitness and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $29.00 target price (up from $26.00) on shares of Planet Fitness in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.60.

Several institutional investors and hedge funds have recently made changes to their positions in PLNT. UBS Asset Management Americas Inc. boosted its holdings in shares of Planet Fitness by 49.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 17,502 shares of the company’s stock worth $337,000 after acquiring an additional 5,800 shares in the last quarter. American International Group Inc. raised its position in Planet Fitness by 75.7% in the 1st quarter. American International Group Inc. now owns 15,869 shares of the company’s stock worth $306,000 after purchasing an additional 6,835 shares during the last quarter. FMR LLC bought a new position in Planet Fitness in the 1st quarter worth approximately $599,000. Teachers Advisors LLC raised its position in Planet Fitness by 635.3% in the 1st quarter. Teachers Advisors LLC now owns 327,565 shares of the company’s stock worth $6,312,000 after purchasing an additional 283,015 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Planet Fitness by 40.6% in the 1st quarter. Vanguard Group Inc. now owns 4,977,283 shares of the company’s stock worth $95,913,000 after purchasing an additional 1,436,427 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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