Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 2,000 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $24.57, for a total transaction of $49,140.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $395,200.00.

Planet Fitness Inc. (NYSE:PLNT) traded down 0.44% during mid-day trading on Friday, reaching $20.14. 363,898 shares of the company’s stock were exchanged. The company’s 50-day moving average is $20.92 and its 200 day moving average is $19.74. Planet Fitness Inc. has a one year low of $13.23 and a one year high of $25.10. The firm has a market capitalization of $1.01 billion, a P/E ratio of 73.24 and a beta of 0.85.

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

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

The business also recently declared a special dividend, which will be paid on Monday, December 5th. Stockholders of record on Tuesday, November 22nd will be issued a $2.78 dividend. The ex-dividend date is Friday, November 18th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Asset Management Inc. bought a new position in shares of Planet Fitness during the second quarter valued at approximately $16,199,000. Ameriprise Financial Inc. boosted its stake in shares of Planet Fitness by 35.8% in the second quarter. Ameriprise Financial Inc. now owns 388,376 shares of the company’s stock worth $7,333,000 after buying an additional 102,355 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Planet Fitness by 1.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 550,648 shares of the company’s stock worth $10,396,000 after buying an additional 7,610 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Planet Fitness by 64.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 115,000 shares of the company’s stock worth $2,171,000 after buying an additional 45,000 shares during the last quarter. Finally, Monashee Investment Management LLC boosted its stake in shares of Planet Fitness by 476.9% in the second quarter. Monashee Investment Management LLC now owns 74,994 shares of the company’s stock worth $1,416,000 after buying an additional 61,994 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

PLNT has been the subject of several research analyst reports. Imperial Capital raised their target price on shares of Planet Fitness from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Saturday, October 29th. Jefferies Group reaffirmed a “buy” rating and issued a $26.00 target price (up from $25.00) on shares of Planet Fitness in a research report on Friday, August 12th. Cowen and Company reaffirmed an “outperform” rating and issued a $25.00 target price (up from $24.00) on shares of Planet Fitness in a research report on Thursday, October 27th. Finally, Piper Jaffray Cos. raised their target price on shares of Planet Fitness from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.71.

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

5 Day Chart for NYSE:PLNT

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