Insider Selling: Planet Fitness Inc (PLNT) CEO Sells 20,000 Shares of Stock

Planet Fitness Inc (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $18.67, for a total transaction of $373,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, May 3rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.19, for a total transaction of $403,800.00.
  • On Tuesday, May 2nd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.28, for a total transaction of $405,600.00.
  • On Tuesday, April 18th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $18.69, for a total transaction of $373,800.00.
  • On Thursday, April 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.27, for a total transaction of $385,400.00.
  • On Friday, April 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.13, for a total transaction of $382,600.00.
  • On Thursday, March 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.73, for a total transaction of $394,600.00.
  • On Wednesday, March 22nd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $19.73, for a total transaction of $394,600.00.
  • On Monday, March 6th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $21.31, for a total transaction of $426,200.00.
  • On Tuesday, March 7th, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00.
  • On Thursday, February 23rd, Christopher Rondeau sold 20,000 shares of Planet Fitness stock. The shares were sold at an average price of $21.09, for a total transaction of $421,800.00.

Planet Fitness Inc (NYSE:PLNT) opened at 20.68 on Friday. The stock’s 50 day moving average is $19.79 and its 200 day moving average is $20.59. Planet Fitness Inc has a 52 week low of $16.91 and a 52 week high of $25.10. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 38.44 and a beta of 0.91.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Planet Fitness had a net margin of 3.65% and a return on equity of 485.81%. The company had revenue of $91.10 million for the quarter, compared to the consensus estimate of $91.33 million. Equities research 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)

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Several research firms have weighed in on PLNT. Cowen and Company reiterated a “buy” rating and issued a $23.00 price objective (down previously from $25.00) on shares of Planet Fitness in a research note on Thursday, March 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Planet Fitness in a research note on Monday, April 3rd. Guggenheim reiterated a “buy” rating and issued a $24.00 price objective on shares of Planet Fitness in a research note on Monday, April 24th. Imperial Capital dropped their price objective on shares of Planet Fitness from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, February 2nd. Finally, Wedbush lowered shares of Planet Fitness from an “outperform” rating to a “neutral” rating in a research note on Friday, March 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.15.

Hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System purchased a new position in shares of Planet Fitness during the third quarter worth $470,000. Henderson Group PLC purchased a new position in shares of Planet Fitness during the third quarter worth $4,014,000. Emerald Mutual Fund Advisers Trust increased its position in shares of Planet Fitness by 4.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 574,428 shares of the company’s stock worth $11,529,000 after buying an additional 23,780 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Planet Fitness during the third quarter worth $1,706,000. Finally, First Trust Advisors LP increased its position in shares of 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. Institutional investors own 90.78% of the company’s stock.

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 the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

12 Month Chart for NYSE:PLNT

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