Whittier Trust Co. lifted its position in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 10.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 119,832 shares of the company’s stock after acquiring an additional 11,163 shares during the quarter. Whittier Trust Co. owned approximately 0.15% of Planet Fitness worth $8,805,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MML Investors Services LLC raised its position in shares of Planet Fitness by 1.3% in the fourth quarter. MML Investors Services LLC now owns 9,811 shares of the company’s stock valued at $1,064,000 after purchasing an additional 122 shares during the period. Public Employees Retirement System of Ohio grew its stake in Planet Fitness by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,627 shares of the company’s stock valued at $2,764,000 after buying an additional 123 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Planet Fitness by 2.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,963 shares of the company’s stock valued at $619,000 after acquiring an additional 163 shares during the period. Coldstream Capital Management Inc. raised its holdings in Planet Fitness by 4.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock valued at $410,000 after acquiring an additional 168 shares during the period. Finally, Clearstead Advisors LLC lifted its position in shares of Planet Fitness by 135.9% during the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.
Insider Activity
In other Planet Fitness news, Director Frances G. Rathke purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $46.21 per share, with a total value of $231,050.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $231,050. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.90% of the stock is owned by insiders.
Planet Fitness Stock Up 0.6%
Planet Fitness (NYSE:PLNT – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The company had revenue of $337.24 million during the quarter, compared to the consensus estimate of $298.60 million. Planet Fitness had a negative return on equity of 81.29% and a net margin of 16.52%.The firm’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, equities analysts predict that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on PLNT shares. KeyCorp decreased their price objective on Planet Fitness from $100.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Bank of America reiterated a “neutral” rating and issued a $59.00 target price (down from $110.00) on shares of Planet Fitness in a research note on Friday, May 8th. Roth Capital reduced their price target on shares of Planet Fitness from $109.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. TD Cowen reaffirmed a “hold” rating on shares of Planet Fitness in a report on Friday, May 29th. Finally, Guggenheim dropped their price objective on Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and an average target price of $77.81.
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.
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