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

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

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 value 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 value 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 value 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 value of $4,338,000.00.

Planet Fitness opened at $43.94 on Friday, according to Marketbeat Ratings. Planet Fitness has a one year low of $21.99 and a one year high of $46.81. The stock has a market capitalization of $4.24 billion, a P/E ratio of 52.31, a price-to-earnings-growth ratio of 1.86 and a beta of 0.51. The company has a quick ratio of 1.70, a current ratio of 1.74 and a debt-to-equity ratio of -5.68.

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

Several brokerages have recently weighed in on PLNT. ValuEngine upgraded Planet Fitness from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Robert W. Baird raised their price target on Planet Fitness from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, June 25th. Cowen raised their price target on Planet Fitness from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, June 11th. Zacks Investment Research downgraded Planet Fitness from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, DA Davidson restated a “buy” rating on shares of Planet Fitness in a report on Wednesday, May 9th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.44.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new stake in Planet Fitness in the 4th quarter worth about $104,000. SG Americas Securities LLC bought a new stake in Planet Fitness in the 4th quarter worth about $114,000. ETRADE Capital Management LLC bought a new stake in Planet Fitness in the 1st quarter worth about $214,000. Algert Global LLC bought a new stake in Planet Fitness in the 1st quarter worth about $235,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Planet Fitness in the fourth quarter worth about $237,000. Institutional investors own 94.73% of the company’s stock.

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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