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

Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $20.88, for a total value of $417,600.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, November 29th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.81, for a total value of $416,200.00.
  • On Monday, November 28th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $21.20, for a total value of $424,000.00.
  • On Monday, November 14th, Christopher Rondeau sold 2,000 shares of Planet Fitness stock. The shares were sold at an average price of $24.57, for a total value of $49,140.00.
  • On Friday, November 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $21.02, for a total value of $420,400.00.
  • On Thursday, November 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.88, for a total value of $417,600.00.
  • On Thursday, October 20th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.54, for a total value of $390,800.00.
  • On Wednesday, October 19th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.42, for a total value of $388,400.00.
  • On Tuesday, October 4th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.91, for a total value of $398,200.00.
  • On Monday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.76, for a total value of $395,200.00.

Planet Fitness Inc. (NYSE:PLNT) opened at 20.39 on Friday. The stock has a 50 day moving average price of $21.42 and a 200-day moving average price of $20.33. Planet Fitness Inc. has a 1-year low of $13.23 and a 1-year high of $25.10. The stock has a market cap of $1.02 billion, a PE ratio of 74.15 and a beta of 0.92.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Wednesday, October 26th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $87 million for the quarter, compared to the consensus estimate of $79.32 million. Planet Fitness had a return on equity of 485.81% and a net margin of 3.65%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, equities analysts expect that Planet Fitness Inc. will post $0.47 EPS for the current year.

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

The business also recently disclosed a special dividend, which was paid on Monday, December 5th. Shareholders of record on Tuesday, November 22nd were paid a dividend of $2.78 per share. The ex-dividend date was Friday, November 18th.

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Large investors have recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new stake in shares of Planet Fitness during the second quarter valued at $23,815,000. Citadel Advisors LLC boosted its stake in shares of Planet Fitness by 339.3% in the second quarter. Citadel Advisors LLC now owns 1,410,132 shares of the company’s stock valued at $26,623,000 after buying an additional 1,089,135 shares during the last quarter. Copper Rock Capital Partners LLC bought a new stake in shares of Planet Fitness during the second quarter valued at $19,279,000. Eagle Asset Management Inc. bought a new stake in shares of Planet Fitness during the second quarter valued at $16,199,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Planet Fitness by 680.4% in the third quarter. Bank of New York Mellon Corp now owns 913,457 shares of the company’s stock valued at $18,333,000 after buying an additional 796,400 shares during the last quarter. 84.54% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on PLNT shares. TheStreet upgraded Planet Fitness from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. Zacks Investment Research lowered Planet Fitness from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Roth Capital set a $23.00 price target on Planet Fitness and gave the stock a “buy” rating in a research report on Thursday, October 27th. Imperial Capital raised their price target on Planet Fitness from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Finally, Cowen and Company restated an “outperform” rating and set a $25.00 price target (up from $24.00) on shares of Planet Fitness in a research report on Thursday, October 27th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Planet Fitness has a consensus rating of “Buy” and an average price target of $23.60.

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 its franchising business in the United States, Puerto Rico, Canada and the Dominican Republic.

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