Lisanti Capital Growth LLC Acquires Shares of 37,485 Planet Fitness, Inc. $PLNT

Lisanti Capital Growth LLC acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 37,485 shares of the company’s stock, valued at approximately $4,066,000.

Several other hedge funds also recently made changes to their positions in PLNT. Goldman Sachs Group Inc. lifted its stake in shares of Planet Fitness by 1.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after acquiring an additional 24,981 shares during the period. Empowered Funds LLC acquired a new stake in shares of Planet Fitness in the 1st quarter worth $1,891,000. EverSource Wealth Advisors LLC lifted its stake in shares of Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after acquiring an additional 214 shares during the period. First Trust Advisors LP lifted its stake in shares of Planet Fitness by 25.8% in the 2nd quarter. First Trust Advisors LP now owns 142,689 shares of the company’s stock worth $15,560,000 after acquiring an additional 29,305 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Planet Fitness in the 2nd quarter worth $267,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Price Performance

Shares of PLNT stock opened at $52.11 on Friday. The business’s fifty day moving average price is $66.67 and its 200 day moving average price is $87.83. Planet Fitness, Inc. has a 1-year low of $37.03 and a 1-year high of $114.47. The firm has a market capitalization of $4.14 billion, a PE ratio of 18.81, a P/E/G ratio of 1.13 and a beta of 1.12.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a negative return on equity of 81.29% and a net margin of 16.52%.The firm had revenue of $337.24 million for the quarter, compared to analyst estimates of $298.60 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Planet Fitness’s quarterly 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. Equities research analysts expect that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLNT has been the subject of several recent analyst reports. Macquarie Infrastructure reduced their target price on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Canaccord Genuity Group set a $80.00 price objective on Planet Fitness in a report on Friday, May 8th. Wells Fargo & Company dropped their price objective on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Bank of America reaffirmed a “neutral” rating and set a $59.00 price objective (down from $110.00) on shares of Planet Fitness in a report on Friday, May 8th. Finally, KeyCorp dropped their price objective on Planet Fitness from $100.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.81.

Insiders Place Their Bets

In other news, Director Frances G. Rathke bought 5,000 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $231,050. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

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.