Planet Fitness Inc (PLNT) CEO Christopher Rondeau Sold 20,000 Shares of Shares

Planet Fitness Inc (PLNT) CEO Christopher Rondeau Sold 20,000 Shares of Shares

Planet Fitness Inc (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $19.73, for a total transaction of $394,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

Shares of Planet Fitness Inc (NYSE:PLNT) traded down 2.55% during midday trading on Friday, reaching $19.13. 1,633,291 shares of the company were exchanged. The company has a 50 day moving average price of $20.97 and a 200-day moving average price of $20.69. The stock has a market capitalization of $1.19 billion, a P/E ratio of 38.49 and a beta of 0.91. Planet Fitness Inc has a 12-month low of $14.82 and a 12-month high of $25.10.

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

Several equities research analysts have commented on the stock. Cowen and Company reaffirmed a “buy” rating and set a $23.00 price objective (down from $25.00) on shares of Planet Fitness in a report on Thursday, March 2nd. Macquarie assumed coverage on shares of Planet Fitness in a report on Thursday, January 5th. They set an “outperform” rating and a $28.00 price objective on the stock. Imperial Capital dropped their price objective on shares of Planet Fitness from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, February 2nd. Wedbush assumed coverage on shares of Planet Fitness in a report on Friday. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price objective (down from $27.00) on shares of Planet Fitness in a report on Thursday, March 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $23.67.

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in Planet Fitness by 0.3% in the third quarter. First Trust Advisors LP now owns 51,814 shares of the company’s stock worth $1,040,000 after buying an additional 153 shares in the last quarter. Bayesian Capital Management LP increased its stake in Planet Fitness by 24.7% in the fourth quarter. Bayesian Capital Management LP now owns 13,109 shares of the company’s stock worth $263,000 after buying an additional 2,600 shares in the last quarter. Fortaleza Asset Management Inc. increased its stake in Planet Fitness by 50.1% in the fourth quarter. Fortaleza Asset Management Inc. now owns 9,885 shares of the company’s stock worth $199,000 after buying an additional 3,300 shares in the last quarter. Allianz Asset Management AG increased its stake in Planet Fitness by 27.5% in the fourth quarter. Allianz Asset Management AG now owns 32,890 shares of the company’s stock worth $661,000 after buying an additional 7,090 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Planet Fitness by 87.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,063 shares of the company’s stock worth $383,000 after buying an additional 8,916 shares in the last quarter. Institutional investors and hedge funds 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 its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic.

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