Insider Selling: Planet Fitness, Inc. (NYSE:PLNT) CEO Sells 60,000 Shares of Stock

Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $30.09, for a total transaction of $1,805,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, November 9th, Christopher Rondeau sold 80,000 shares of Planet Fitness stock. The stock was sold at an average price of $29.34, for a total transaction of $2,347,200.00.
  • 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 transaction of $27,040.00.
  • On Wednesday, November 1st, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $26.64, for a total transaction of $532,800.00.
  • 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 transaction 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 transaction 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 transaction of $528,600.00.

Shares of Planet Fitness, Inc. (NYSE:PLNT) traded down $0.29 on Monday, reaching $31.39. 990,725 shares of the company were exchanged, compared to its average volume of 1,216,452. The firm has a market capitalization of $3,116.14, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. Planet Fitness, Inc. has a fifty-two week low of $18.32 and a fifty-two week high of $32.92. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57.

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

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, October 11th. Jefferies Group reiterated a “buy” rating and issued a $29.00 price objective on shares of Planet Fitness in a report on Thursday, October 19th. Cowen reiterated a “buy” rating and issued a $30.00 price objective on shares of Planet Fitness in a report on Friday, November 10th. BidaskClub upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Imperial Capital lifted their price objective on shares of Planet Fitness from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.60.

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in Planet Fitness by 1,196.3% during the second quarter. Goldman Sachs Group Inc. now owns 243,061 shares of the company’s stock worth $5,673,000 after purchasing an additional 224,311 shares during the period. Nuveen Asset Management LLC bought a new stake in Planet Fitness during the first quarter worth about $1,234,000. Federated Investors Inc. PA lifted its holdings in shares of Planet Fitness by 26.8% in the second quarter. Federated Investors Inc. PA now owns 270,000 shares of the company’s stock worth $6,302,000 after acquiring an additional 57,000 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of 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 acquiring an additional 2,496,984 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Planet Fitness by 7.7% in the second quarter. Principal Financial Group Inc. now owns 851,131 shares of the company’s stock worth $19,866,000 after acquiring an additional 60,939 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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