Planet Fitness Announces Leadership Transition

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Go back to Planet Fitness Announces Leadership Transition

Planet Fitness (PLNT) PT Lowered to $66 at Piper Sandler Following CEO Exit, Says 'We View as Positive Strategically Despite Risks'

September 15, 2023 3:28 PM EDT

Piper Sandler analyst Peter Keith lowered the price target on Planet Fitness (NYSE: PLNT) to $66.00 (from $78.00) while maintaining a Overweight rating.

The analyst comments "We were surprised by the rapid change in management that PLNT announced today, with an immediate departure of... More

Planet Fitness (PLNT) shares plunge as board ousts CEO

September 15, 2023 2:32 PM EDT

(Updated - September 15, 2023 2:38 PM EDT)

Planet Fitness (NYSE: PLNT) shares plunged Friday after news the company's board ousted veteran Chris Rondeau from his post as chief executive.

Shares of the fitness center operator and franchisor plunged 15% on the news.

Planet Fitness said Craig Benson, a member of the company's board, has... More

Planet Fitness (PLNT) CEO change could have been activist related

September 15, 2023 9:50 AM EDT

An event driven analyst thinks activist activity could be behind today's CEO change at Planet Fitness (NYSE: PLNT). Today, the company announced Chris Rondeau's departure as the Company's CEO, with board member Craig Benson taking his place as interim CEO. SRS... More