Ninety One North America Inc. Acquires Shares of 36,122 Planet Fitness, Inc. $PLNT

Ninety One North America Inc. acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,122 shares of the company’s stock, valued at approximately $3,918,000.

Several other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Planet Fitness during the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Hantz Financial Services Inc. boosted its holdings in Planet Fitness by 51.9% in the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after purchasing an additional 138 shares during the period. SJS Investment Consulting Inc. boosted its holdings in Planet Fitness by 6,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $44,000 after purchasing an additional 417 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in Planet Fitness in the third quarter worth $44,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Stock Performance

PLNT stock opened at $72.77 on Friday. Planet Fitness, Inc. has a 1 year low of $69.10 and a 1 year high of $114.47. The stock’s fifty day moving average is $79.19 and its two-hundred day moving average is $93.86. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.24 and a beta of 1.31.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The business had revenue of $376.26 million for the quarter, compared to analysts’ expectations of $366.48 million. During the same period in the previous year, the business earned $0.70 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. As a group, analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler downgraded shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday, February 27th. KeyCorp began coverage on shares of Planet Fitness in a report on Thursday, March 12th. They issued an “overweight” rating and a $100.00 price objective for the company. TD Cowen reiterated a “buy” rating on shares of Planet Fitness in a research note on Tuesday, March 10th. Canaccord Genuity Group cut their target price on Planet Fitness from $128.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, William Blair reiterated an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Planet Fitness currently has a consensus rating of “Moderate Buy” and an average target price of $116.08.

About Planet Fitness

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.