Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $24.57, for a total value of $49,140.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $19.76, for a total value of $395,200.00.

Planet Fitness Inc. (NYSE:PLNT) traded down 0.44% during mid-day trading on Friday, hitting $20.14. 363,998 shares of the company were exchanged. The company has a market capitalization of $1.01 billion, a P/E ratio of 73.24 and a beta of 0.85. The company’s 50-day moving average is $20.92 and its 200 day moving average is $19.74. Planet Fitness Inc. has a 12-month low of $13.23 and a 12-month high of $25.10.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Wednesday, October 26th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. 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 announced a special dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $2.78 per share. The ex-dividend date of this dividend is Friday, November 18th.

Several research analysts have issued reports on PLNT shares. TheStreet raised Planet Fitness from a “sell” rating to a “hold” rating in a report on Thursday, October 27th. Zacks Investment Research downgraded Planet Fitness from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Imperial Capital upped their price objective on Planet Fitness from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Jefferies Group reaffirmed a “buy” rating and set a $27.00 price objective (up previously from $26.00) on shares of Planet Fitness in a report on Thursday, October 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $24.00 price objective (up previously from $23.00) on shares of Planet Fitness in a report on Thursday, October 27th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Planet Fitness has an average rating of “Buy” and an average target price of $22.71.

Several hedge funds have recently bought and sold shares of PLNT. Rhumbline Advisers boosted its stake in Planet Fitness by 0.8% in the third quarter. Rhumbline Advisers now owns 15,976 shares of the company’s stock worth $321,000 after buying an additional 125 shares during the last quarter. First Trust Advisors LP boosted its stake in Planet Fitness by 0.3% in the third quarter. First Trust Advisors LP now owns 51,814 shares of the company’s stock worth $1,040,000 after buying an additional 153 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Planet Fitness by 3.2% in the second quarter. BlackRock Advisors LLC now owns 7,732 shares of the company’s stock worth $146,000 after buying an additional 240 shares during the last quarter. American International Group Inc. boosted its stake in Planet Fitness by 3.3% in the second quarter. American International Group Inc. now owns 9,045 shares of the company’s stock worth $171,000 after buying an additional 288 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its stake in Planet Fitness by 2.4% in the second quarter. Commonwealth Equity Services Inc now owns 15,948 shares of the company’s stock worth $301,000 after buying an additional 373 shares during the last quarter. 85.46% of the stock is currently owned by hedge funds and other institutional investors.

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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