Planet Fitness Inc. (NYSE:PLNT) CEO Christopher Rondeau sold 20,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $19.76, for a total transaction of $395,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Planet Fitness Inc. (NYSE:PLNT) traded up 0.81% during mid-day trading on Wednesday, hitting $19.98. 300,695 shares of the company were exchanged. The company’s market capitalization is $888.89 million. Planet Fitness Inc. has a 52 week low of $13.23 and a 52 week high of $23.41. The company has a 50 day moving average of $20.78 and a 200 day moving average of $18.58.
Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $91.50 million during the quarter, compared to analysts’ expectations of $78.95 million. During the same period last year, the company posted $0.13 EPS. Planet Fitness’s revenue was up 15.8% on a year-over-year basis. Equities analysts anticipate that Planet Fitness Inc. will post $0.47 earnings per share for the current year.
PLNT has been the subject of a number of recent analyst reports. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $21.00 price objective (up from $20.00) on shares of Planet Fitness in a research report on Wednesday, June 29th. Wedbush reaffirmed an “outperform” rating and issued a $23.00 price objective (up from $21.00) on shares of Planet Fitness in a research report on Thursday, August 11th. Zacks Investment Research downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Cowen and Company reaffirmed an “outperform” rating and issued a $24.00 price objective (up from $19.00) on shares of Planet Fitness in a research report on Saturday, August 13th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Planet Fitness in a research report on Monday, June 27th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $21.95.
A number of hedge funds and other institutional investors have recently modified their holdings of PLNT. Lord Abbett & CO. LLC acquired a new position in shares of Planet Fitness during the second quarter worth about $23,815,000. Citadel Advisors LLC boosted its position in shares of Planet Fitness by 339.3% in the second quarter. Citadel Advisors LLC now owns 1,410,132 shares of the company’s stock valued at $26,623,000 after buying an additional 1,089,135 shares during the period. Copper Rock Capital Partners LLC purchased a new position in shares of Planet Fitness during the second quarter valued at about $19,279,000. Eagle Asset Management Inc. purchased a new position in shares of Planet Fitness during the second quarter valued at about $16,199,000. Finally, Vanguard Group Inc. boosted its position in shares of Planet Fitness by 66.8% in the second quarter. Vanguard Group Inc. now owns 1,635,810 shares of the company’s stock valued at $30,884,000 after buying an additional 654,918 shares during the period. 83.52% of the stock is owned by 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.
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