Jackson Creek Investment Advisors LLC acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,680 shares of the company’s stock, valued at approximately $1,375,000.
Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Planet Fitness in the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of Planet Fitness by 135.9% in the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 193 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Planet Fitness by 51.9% in the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after buying an additional 138 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Planet Fitness in the third quarter valued at $44,000. 95.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on PLNT. Roth Mkm dropped their price objective on shares of Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. UBS Group dropped their price target on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Wells Fargo & Company dropped their price target on shares of Planet Fitness from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. dropped their price target on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Guggenheim dropped their price target on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Planet Fitness presently has a consensus rating of “Moderate Buy” and an average price target of $77.81.
Planet Fitness Price Performance
PLNT opened at $52.02 on Thursday. The company’s 50-day moving average is $65.33 and its 200 day moving average is $86.89. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.47. The firm has a market capitalization of $4.13 billion, a P/E ratio of 18.78, a PEG ratio of 1.14 and a beta of 1.12.
Planet Fitness (NYSE:PLNT – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The company had revenue of $337.24 million for the quarter, compared to analyst estimates of $298.60 million. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. On average, equities research analysts expect that Planet Fitness, Inc. will post 3.18 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Frances G. Rathke acquired 5,000 shares of the stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $231,050. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.
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.
Read More
- Five stocks we like better than Planet Fitness
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Want to see what other hedge funds are holding PLNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Planet Fitness, Inc. (NYSE:PLNT – Free Report).
Receive News & Ratings for Planet Fitness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness and related companies with MarketBeat.com's FREE daily email newsletter.
