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Cambria Dunaway, a director at Planet Fitness Inc . (NYSE:PLNT), recently sold 3,000 shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $92.11 each, amounting to a total transaction value of approximately $276,330. Following this sale, Dunaway retains ownership of 17,152 shares in the company. The stock currently trades at $93.50, with Planet Fitness maintaining a market capitalization of $7.9 billion and impressive gross profit margins of nearly 60%.
This transaction is part of Dunaway’s ongoing management of her investment in Planet Fitness, a leading fitness club operator headquartered in Hampton, New Hampshire. The company has demonstrated solid performance with 10% revenue growth and maintains a healthy liquidity position with a current ratio of 2.08. According to InvestingPro analysis, which offers 12+ additional insights about PLNT’s valuation and performance, the stock is currently trading near its Fair Value.
In other recent news, Planet Fitness reported a robust fourth-quarter performance, surpassing expectations with a significant 49% increase in equipment revenue. This growth was largely due to a special program encouraging franchisees to purchase strength equipment. The company anticipates a 10% revenue growth for 2025, aligning with Wall Street’s projections, though EBITDA growth is expected to be slightly lower than consensus estimates. RBC Capital Markets revised its price target for Planet Fitness to $110, citing concerns over same-store sales guidance, though they maintained an Outperform rating.
Meanwhile, BofA Securities adjusted its price target to $115, maintaining a Buy rating, highlighting the company’s strong same-club sales growth and increased Black card membership. Piper Sandler also lowered their price target to $115 but kept an Overweight rating, expressing optimism about the company’s growth drivers despite increased personnel expenses. DA Davidson reiterated a Neutral rating with a price target of $87, noting the company’s positive store expansion outlook and equipment revenue growth. TD Cowen continues to hold a Buy rating with a $125 target, emphasizing confidence in the company’s strategic initiatives and potential for margin improvement.
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