Fox Run Management L.L.C. Takes Position in Planet Fitness, Inc. $PLNT

Fox Run Management L.L.C. acquired a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,774 shares of the company’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLNT. Hantz Financial Services Inc. raised its holdings in Planet Fitness by 964.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock worth $29,000 after acquiring an additional 241 shares during the period. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 214 shares during the last quarter. SJS Investment Consulting Inc. grew its position in shares of Planet Fitness by 6,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $44,000 after purchasing an additional 417 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Planet Fitness in the third quarter worth about $44,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Planet Fitness by 131.8% in the third quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after purchasing an additional 253 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Trading Down 1.7%

Shares of NYSE:PLNT opened at $82.34 on Friday. Planet Fitness, Inc. has a 1-year low of $79.18 and a 1-year high of $114.47. The firm has a market capitalization of $6.86 billion, a PE ratio of 31.43, a PEG ratio of 1.34 and a beta of 1.26. The business’s 50 day moving average is $97.15 and its 200-day moving average is $100.89.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on PLNT shares. Royal Bank Of Canada decreased their target price on Planet Fitness from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday. Stifel Nicolaus set a $105.00 price objective on Planet Fitness in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. Finally, Macquarie Infrastructure dropped their target price on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Planet Fitness currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.64.

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.