Planet Fitness, Inc. $PLNT Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. decreased its stake in Planet Fitness, Inc. (NYSE:PLNT) by 38.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,162 shares of the company’s stock after selling 35,829 shares during the quarter. Walter Public Investments Inc.’s holdings in Planet Fitness were worth $4,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in Planet Fitness in the fourth quarter valued at approximately $27,000. Clearstead Advisors LLC grew its stake in shares of Planet Fitness by 135.9% during the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Planet Fitness by 184.5% during the 2nd 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. Los Angeles Capital Management LLC purchased a new position in shares of Planet Fitness during the 4th quarter valued at approximately $41,000. Finally, Danske Bank A S purchased a new position in shares of Planet Fitness during the 3rd quarter valued at approximately $52,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Planet Fitness

In related news, Director Frances G. Rathke acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were acquired at an average cost of $46.21 per share, with a total value of $231,050.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $231,050. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

Planet Fitness Price Performance

Shares of PLNT stock opened at $53.40 on Friday. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.16 and a beta of 1.04. The stock has a 50 day simple moving average of $53.74 and a 200-day simple moving average of $76.48. Planet Fitness, Inc. has a 1-year low of $37.03 and a 1-year high of $114.47.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) 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 firm had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $298.60 million. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Analysts anticipate that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLNT has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Planet Fitness from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Stifel Nicolaus cut their price objective on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 24th. Bank of America reiterated a “neutral” rating and issued a $59.00 price objective (down from $110.00) on shares of Planet Fitness in a research report on Friday, May 8th. KGI Securities lowered shares of Planet Fitness to a “neutral” rating and set a $50.50 target price on the stock. in a research note on Friday, May 8th. Finally, Roth Mkm dropped their target price on Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.81.

Planet Fitness Company 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.