T3 Companies LLC Purchases 16,437 Shares of Planet Fitness, Inc. $PLNT

Posted by Stanley Muller on Oct 23rd, 2026

T3 Companies LLC purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) during the third quarter, HoldingsChannel reports. The fund purchased 16,437 shares of the company’s stock, valued at approximately $694,000.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Planet Fitness by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,238,129 shares of the company’s stock valued at $92,091,000 after purchasing an additional 21,914 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Planet Fitness by 21.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock worth $73,697,000 after buying an additional 172,586 shares during the last quarter. Bank of America Corp DE raised its position in shares of Planet Fitness by 7.2% during the 1st quarter. Bank of America Corp DE now owns 779,251 shares of the company’s stock valued at $57,961,000 after buying an additional 52,289 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Planet Fitness by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 732,411 shares of the company’s stock valued at $54,477,000 after buying an additional 13,089 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Planet Fitness during the 2nd quarter valued at about $44,399,000. Institutional investors own 95.53% of the company’s stock.

Insider Transactions at Planet Fitness

In other news, Director Stephen Spinelli, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $49.28 per share, with a total value of $492,800.00. Following the purchase, the director owned 45,516 shares in the company, valued at approximately $2,243,028.48. This trade represents a 28.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher Tanco purchased 2,328 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average cost of $51.23 per share, with a total value of $119,263.44. Following the completion of the purchase, the director owned 2,328 shares in the company, valued at $119,263.44. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLNT. UBS Group reaffirmed a “buy” rating on shares of Planet Fitness in a report on Friday, October 9th. JPMorgan Chase & Co. boosted their price objective on Planet Fitness from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Morgan Stanley upped their price objective on Planet Fitness from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 18th. KeyCorp restated an “overweight” rating on shares of Planet Fitness in a research report on Tuesday, October 13th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $62.00 price objective on shares of Planet Fitness in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.34.

Get Our Latest Report on Planet Fitness

Planet Fitness Stock Up 3.0%

NYSE PLNT opened at $53.26 on Friday. The company has a fifty day moving average of $48.67 and a two-hundred day moving average of $53.48. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.11 and a beta of 1.05. Planet Fitness, Inc. has a 52 week low of $37.03 and a 52 week high of $114.26.

Planet Fitness (NYSE:PLNT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The business had revenue of $365.22 million for the quarter, compared to analysts’ expectations of $356.21 million. During the same quarter in the previous year, the business posted $0.86 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Equities research analysts anticipate that Planet Fitness, Inc. will post 3.21 EPS for the current year.

About Planet Fitness

(Free Report)

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. The company follows a “high-value, low-price” model designed to make gym memberships accessible to a broad range of consumers. Its clubs offer cardiovascular and strength-training equipment, group and individual exercise areas, and a welcoming environment known as the “Judgement Free Zone.”

Planet Fitness generates revenue primarily through membership dues, franchise royalties and fees, and sales of merchandise and other services.