Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $19.91, for a total transaction of $398,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, October 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The stock was sold at an average price of $19.76, for a total transaction of $395,200.00.

Planet Fitness Inc. (NYSE:PLNT) opened at 19.95 on Friday. Planet Fitness Inc. has a 52-week low of $13.23 and a 52-week high of $23.41. The firm’s 50-day moving average is $20.73 and its 200 day moving average is $18.59. The company’s market cap is $887.56 million.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Planet Fitness had a net margin of 1.74% and a return on equity of 2,244.54%. The business earned $91.50 million during the quarter, compared to analysts’ expectations of $78.95 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts predict that Planet Fitness Inc. will post $0.47 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services Inc boosted its stake in shares of Planet Fitness by 3.8% in the first quarter. Commonwealth Equity Services Inc now owns 15,575 shares of the company’s stock valued at $253,000 after buying an additional 575 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of Planet Fitness during the first quarter valued at approximately $2,994,000. State Street Corp boosted its stake in shares of Planet Fitness by 4.3% in the first quarter. State Street Corp now owns 220,638 shares of the company’s stock valued at $3,581,000 after buying an additional 9,010 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Planet Fitness by 18.9% in the first quarter. Geode Capital Management LLC now owns 87,969 shares of the company’s stock valued at $1,428,000 after buying an additional 14,002 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Planet Fitness by 110.2% in the first quarter. Barclays PLC now owns 28,800 shares of the company’s stock valued at $461,000 after buying an additional 15,100 shares during the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.

A number of brokerages have recently issued reports on PLNT. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, June 29th. Piper Jaffray Cos. increased their price objective on shares of Planet Fitness from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. Jefferies Group reissued a “buy” rating and issued a $26.00 price objective (up from $25.00) on shares of Planet Fitness in a research note on Friday, August 12th. Credit Suisse Group AG reissued an “outperform” rating and issued a $19.00 price objective on shares of Planet Fitness in a research note on Monday, June 27th. Finally, Imperial Capital increased their price objective on shares of Planet Fitness from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $21.95.

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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