Insider Selling: Planet Fitness Inc (PLNT) CEO Sells 40,000 Shares of Stock

Planet Fitness Inc (NYSE:PLNT) CEO Christopher Rondeau sold 40,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $30.42, for a total value of $1,216,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, January 25th, Christopher Rondeau sold 120,000 shares of Planet Fitness stock. The stock was sold at an average price of $34.47, for a total value of $4,136,400.00.
  • On Wednesday, January 10th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The stock was sold at an average price of $32.54, for a total value of $1,952,400.00.
  • On Thursday, December 21st, Christopher Rondeau sold 120,000 shares of Planet Fitness stock. The stock was sold at an average price of $34.27, for a total value of $4,112,400.00.
  • On Tuesday, December 5th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The stock was sold at an average price of $31.98, for a total value of $1,918,800.00.
  • On Wednesday, November 15th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The stock was sold at an average price of $30.09, for a total value of $1,805,400.00.

Planet Fitness Inc (PLNT) traded up $0.87 during trading on Friday, hitting $30.31. 2,228,469 shares of the stock traded hands, compared to its average volume of 1,145,049. The company has a market capitalization of $3,119.09, a PE ratio of 44.35, a P/E/G ratio of 1.69 and a beta of 0.79. Planet Fitness Inc has a 52-week low of $18.32 and a 52-week high of $35.03. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of -5.00.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. equities research analysts forecast that Planet Fitness Inc will post 0.82 EPS for the current year.

Several equities research analysts have issued reports on PLNT shares. Piper Jaffray Companies restated an “overweight” rating on shares of Planet Fitness in a research report on Monday, December 18th. Cowen increased their target price on Planet Fitness from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Bank of America increased 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. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Thursday, October 26th. Finally, Jefferies Group cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Planet Fitness presently has a consensus rating of “Buy” and a consensus price target of $34.00.

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in shares of Planet Fitness in the fourth quarter worth $104,000. SG Americas Securities LLC bought a new position in Planet Fitness in the fourth quarter valued at $114,000. Envestnet Asset Management Inc. increased its stake in Planet Fitness by 164.0% in the third quarter. Envestnet Asset Management Inc. now owns 4,865 shares of the company’s stock valued at $131,000 after acquiring an additional 3,022 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Planet Fitness by 234.8% in the second quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock valued at $173,000 after acquiring an additional 5,189 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Planet Fitness by 81.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,994 shares of the company’s stock valued at $173,000 after acquiring an additional 2,244 shares during the last quarter.

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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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