Planet Fitness Inc (PLNT) CEO Sells $382,600.00 in Stock

Planet Fitness Inc (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $19.13, for a total transaction of $382,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, April 18th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $18.69, for a total transaction of $373,800.00.
  • On Wednesday, April 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $18.67, for a total transaction of $373,400.00.
  • On Thursday, April 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.27, for a total transaction of $385,400.00.
  • On Thursday, March 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.73, for a total transaction of $394,600.00.
  • On Wednesday, March 22nd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.73, for a total transaction of $394,600.00.
  • On Monday, March 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $21.31, for a total transaction of $426,200.00.
  • On Tuesday, March 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00.
  • On Thursday, February 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $21.09, for a total transaction of $421,800.00.
  • On Tuesday, January 24th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $20.31, for a total transaction of $406,200.00.
  • On Monday, January 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.97, for a total transaction of $399,400.00.

Planet Fitness Inc (NYSE:PLNT) opened at 19.78 on Thursday. Planet Fitness Inc has a 1-year low of $15.00 and a 1-year high of $25.10. The stock has a market capitalization of $1.23 billion, a PE ratio of 39.80 and a beta of 0.91. The stock’s 50 day moving average price is $19.45 and its 200 day moving average price is $20.51.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. Planet Fitness had a return on equity of 485.81% and a net margin of 3.65%. The firm earned $116.40 million during the quarter, compared to analyst estimates of $114.59 million. During the same period last year, the company posted $0.17 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast that Planet Fitness Inc will post $0.47 earnings per share for the current year.

Insider Buying and Selling by Quarter for Planet Fitness (NYSE:PLNT)

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A number of research firms recently issued reports on PLNT. Guggenheim reissued a “buy” rating and set a $24.00 target price on shares of Planet Fitness in a research report on Monday. Robert W. Baird reissued an “outperform” rating and set a $28.00 target price on shares of Planet Fitness in a research report on Thursday, April 6th. Jefferies Group LLC reissued a “buy” rating and set a $25.00 target price on shares of Planet Fitness in a research report on Monday, April 3rd. Wedbush downgraded shares of Planet Fitness from an “outperform” rating to a “neutral” rating in a research report on Friday, March 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Planet Fitness from a “strong sell” rating to a “hold” rating in a research report on Saturday, March 4th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

A number of large investors have recently made changes to their positions in PLNT. Columbus Circle Investors acquired a new stake in shares of Planet Fitness during the third quarter worth approximately $7,784,000. Hancock Holding Co. acquired a new stake in shares of Planet Fitness during the third quarter worth approximately $865,000. Engineers Gate Manager LP raised its stake in shares of Planet Fitness by 74.8% in the third quarter. Engineers Gate Manager LP now owns 55,643 shares of the company’s stock worth $1,117,000 after buying an additional 23,805 shares during the last quarter. Monashee Investment Management LLC raised its stake in shares of Planet Fitness by 232.5% in the third quarter. Monashee Investment Management LLC now owns 249,353 shares of the company’s stock worth $5,005,000 after buying an additional 174,359 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Planet Fitness by 43.4% in the third quarter. Swiss National Bank now owns 61,785 shares of the company’s stock valued at $1,240,000 after buying an additional 18,700 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

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.

5 Day Chart for NYSE:PLNT

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