Frances Rathke Purchases 5,000 Shares of Planet Fitness (NYSE:PLNT) Stock

Planet Fitness, Inc. (NYSE:PLNT) Director Frances Rathke purchased 5,000 shares of Planet Fitness stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $46.21 per share, with a total value of $231,050.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Planet Fitness Price Performance

PLNT traded up $2.57 during midday trading on Monday, hitting $48.45. 5,288,968 shares of the company’s stock traded hands, compared to its average volume of 2,087,935. The company has a market cap of $3.88 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The stock’s fifty day simple moving average is $73.19 and its 200-day simple moving average is $91.18. Planet Fitness, Inc. has a one year low of $37.03 and a one year high of $114.47.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. During the same quarter in the previous year, the business earned $0.59 EPS. Planet Fitness’s quarterly revenue 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. On average, research analysts expect that Planet Fitness, Inc. will post 3.24 EPS for the current year.

Hedge Funds Weigh In On Planet Fitness

A number of institutional investors have recently modified their holdings of PLNT. Van Berkom & Associates Inc. increased its position in Planet Fitness by 21.1% during the first quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock worth $73,697,000 after acquiring an additional 172,586 shares during the period. WCM Investment Management LLC increased its position in Planet Fitness by 58.3% during the first quarter. WCM Investment Management LLC now owns 265,134 shares of the company’s stock worth $19,548,000 after acquiring an additional 97,697 shares during the period. Dimensional Fund Advisors LP increased 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 worth $92,091,000 after acquiring an additional 21,914 shares during the period. KBC Group NV increased its position in Planet Fitness by 15.7% during the first quarter. KBC Group NV now owns 2,560 shares of the company’s stock worth $190,000 after acquiring an additional 348 shares during the period. Finally, Future Fund LLC increased its position in Planet Fitness by 27.3% during the first quarter. Future Fund LLC now owns 30,396 shares of the company’s stock worth $2,261,000 after acquiring an additional 6,526 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

PLNT has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Weiss Ratings lowered shares of Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. William Blair lowered shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday. Canaccord Genuity Group set a $80.00 price target on shares of Planet Fitness in a research report on Friday. Finally, Jefferies Financial Group set a $133.00 price target on shares of Planet Fitness in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.32.

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.