Ninety One SA Pty Ltd Increases Position in Planet Fitness, Inc. $PLNT

Ninety One SA Pty Ltd boosted its position in Planet Fitness, Inc. (NYSE:PLNT) by 83.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,240 shares of the company’s stock after acquiring an additional 65,934 shares during the quarter. Planet Fitness accounts for approximately 0.7% of Ninety One SA Pty Ltd’s portfolio, making the stock its 22nd largest holding. Ninety One SA Pty Ltd’s holdings in Planet Fitness were worth $15,754,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Planet Fitness by 1.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 58,945 shares of the company’s stock worth $6,220,000 after purchasing an additional 752 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Planet Fitness by 46.1% during the 4th quarter. State of Alaska Department of Revenue now owns 13,416 shares of the company’s stock valued at $1,454,000 after buying an additional 4,236 shares in the last quarter. Burney Co. purchased a new position in shares of Planet Fitness during the 4th quarter valued at about $2,221,000. Robeco Institutional Asset Management B.V. bought a new stake in Planet Fitness in the 4th quarter worth approximately $11,038,000. Finally, V Square Quantitative Management LLC bought a new stake in Planet Fitness in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 1.8%

Shares of Planet Fitness stock opened at $72.77 on Friday. Planet Fitness, Inc. has a 12-month low of $69.10 and a 12-month high of $114.47. The company has a market cap of $5.82 billion, a P/E ratio of 27.78, a PEG ratio of 1.24 and a beta of 1.31. The company’s fifty day simple moving average is $79.19 and its two-hundred day simple moving average is $93.86.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Tuesday, February 24th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $376.26 million during the quarter, compared to analysts’ expectations of $366.48 million. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.70 EPS. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PLNT shares. KeyCorp assumed coverage on shares of Planet Fitness in a research report on Thursday, March 12th. They set an “overweight” rating and a $100.00 price target on the stock. Canaccord Genuity Group lowered their price objective on shares of Planet Fitness from $128.00 to $122.00 and set a “buy” rating for the company in a report on Friday, April 10th. Wells Fargo & Company started coverage on shares of Planet Fitness in a research note on Wednesday, March 11th. They issued an “overweight” rating and a $90.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $117.00 target price on shares of Planet Fitness in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Planet Fitness from $115.00 to $98.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.08.

Planet Fitness Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.