Christopher Rondeau Sells 20,000 Shares of Planet Fitness (PLNT) Stock

Planet Fitness (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $43.97, for a total transaction of $879,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Monday, June 18th, Christopher Rondeau sold 26,377 shares of Planet Fitness stock. The shares were sold at an average price of $45.32, for a total transaction of $1,195,405.64.
  • On Friday, June 15th, Christopher Rondeau sold 93,623 shares of Planet Fitness stock. The shares were sold at an average price of $45.18, for a total transaction of $4,229,887.14.
  • On Wednesday, June 13th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $43.57, for a total transaction of $871,400.00.
  • On Wednesday, June 6th, Christopher Rondeau sold 100,000 shares of Planet Fitness stock. The shares were sold at an average price of $43.38, for a total transaction of $4,338,000.00.

Planet Fitness traded up $0.50, reaching $43.94, during trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 896,900 shares, compared to its average volume of 1,102,075. Planet Fitness has a 1-year low of $21.99 and a 1-year high of $46.81. The company has a debt-to-equity ratio of -5.68, a current ratio of 1.74 and a quick ratio of 1.70. The firm has a market capitalization of $4.24 billion, a P/E ratio of 52.31, a P/E/G ratio of 1.86 and a beta of 0.51.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, May 8th. The company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $121.30 million during the quarter, compared to the consensus estimate of $115.75 million. Planet Fitness had a net margin of 9.60% and a negative return on equity of 64.81%. The company’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. sell-side analysts anticipate that Planet Fitness will post 1.19 EPS for the current year.

Several analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Planet Fitness from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday. DA Davidson reissued a “buy” rating on shares of Planet Fitness in a research note on Wednesday, May 9th. Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Berenberg Bank started coverage on shares of Planet Fitness in a research note on Wednesday, June 20th. They set a “buy” rating and a $53.00 price objective for the company. Finally, ValuEngine upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Planet Fitness has an average rating of “Buy” and a consensus target price of $44.44.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Planet Fitness by 1.2% in the 1st quarter. BlackRock Inc. now owns 5,445,832 shares of the company’s stock worth $205,689,000 after purchasing an additional 62,027 shares during the last quarter. Investec Asset Management LTD increased its position in shares of Planet Fitness by 13.2% in the 4th quarter. Investec Asset Management LTD now owns 4,838,749 shares of the company’s stock worth $167,566,000 after purchasing an additional 564,783 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Planet Fitness by 3.6% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,870,220 shares of the company’s stock worth $108,408,000 after purchasing an additional 99,339 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Planet Fitness by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,719,972 shares of the company’s stock worth $64,963,000 after purchasing an additional 120,286 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. bought a new stake in shares of Planet Fitness in the 1st quarter worth about $45,913,000. 94.73% of the stock is owned by institutional investors.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.

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

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