Planet Fitness (PLNT) shares plunge as board ousts CEO
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Planet Fitness (PLNT) cut at Jefferies as CEO departure 'could create more uncertainty'
September 18, 2023 9:15 AM EDTPlanet Fitness (NYSE: PLNT) was downgraded to hold from Buy at Jefferies on Monday, with analyst Randal Konik lowering the price target to $56 from $90 per share.
Konik cut the stock following the shock news on Friday that the PLNT board has ousted... More
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 EDTPiper 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) CEO change could have been activist related
September 15, 2023 9:50 AM EDTAn 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
Planet Fitness (PLNT) announces Chris Rondeau's departure CEO
September 15, 2023 8:46 AM EDTPlanet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that Craig R. Benson, a member of the Company's Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. Benson's appointment follows the decision by the Board to transition to new leadership, resulting in Chris Rondeau's departure as the Company's CEO. Rondeau will continue to serve as a member of the Company's Board of Directors and will be nominated for re-election at the Company's 2024 Annual... More
