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

Planet Fitness, Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 60,000 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $32.54, for a total transaction of $1,952,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, December 21st, Christopher Rondeau sold 120,000 shares of Planet Fitness stock. The shares were sold at an average price of $34.27, for a total transaction of $4,112,400.00.
  • On Tuesday, December 5th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The shares were sold at an average price of $31.98, for a total transaction of $1,918,800.00.
  • On Wednesday, November 15th, Christopher Rondeau sold 60,000 shares of Planet Fitness stock. The shares were sold at an average price of $30.09, for a total transaction of $1,805,400.00.
  • On Thursday, November 9th, Christopher Rondeau sold 80,000 shares of Planet Fitness stock. The shares were 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 shares were 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.

Shares of Planet Fitness, Inc. (NYSE PLNT) opened at $32.37 on Friday. Planet Fitness, Inc. has a 1 year low of $18.32 and a 1 year high of $35.03. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57. The firm has a market cap of $3,180.00 and a P/E ratio of 48.31.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $93.55 million. During the same quarter last year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. research analysts expect that Planet Fitness, Inc. will post 0.82 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in shares of Planet Fitness by 10.5% during the third quarter. California Public Employees Retirement System now owns 23,200 shares of the company’s stock worth $626,000 after buying an additional 2,200 shares in the last quarter. Wolverine Trading LLC grew its position in shares of Planet Fitness by 24.5% during the second quarter. Wolverine Trading LLC now owns 11,704 shares of the company’s stock worth $274,000 after buying an additional 2,304 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Planet Fitness by 2.7% during the second quarter. Public Employees Retirement System of Ohio now owns 89,498 shares of the company’s stock worth $2,089,000 after buying an additional 2,369 shares in the last quarter. Mastrapasqua Asset Management Inc. grew its position in shares of Planet Fitness by 12.4% during the third quarter. Mastrapasqua Asset Management Inc. now owns 24,985 shares of the company’s stock worth $674,000 after buying an additional 2,750 shares in the last quarter. Finally, AHL Partners LLP grew its position in shares of Planet Fitness by 11.0% during the second quarter. AHL Partners LLP now owns 27,748 shares of the company’s stock worth $648,000 after buying an additional 2,756 shares in the last quarter.

PLNT has been the subject of several recent research reports. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Planet Fitness in a research report on Monday, December 18th. Zacks Investment Research downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Bank of America increased their price objective on shares of Planet Fitness from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Jefferies Group downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, DA Davidson initiated coverage on shares of Planet Fitness in a research report on Monday, November 20th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.88.

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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.

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

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