37,433 Shares in Planet Fitness, Inc. $PLNT Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,433 shares of the company’s stock, valued at approximately $2,784,000.

Several other hedge funds have also modified their holdings of PLNT. Goldman Sachs Group Inc. raised its holdings in Planet Fitness by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after buying an additional 24,981 shares during the period. Empowered Funds LLC purchased a new position in shares of Planet Fitness in the first quarter worth approximately $1,891,000. EverSource Wealth Advisors LLC raised its holdings in shares of Planet Fitness by 184.5% during the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. First Trust Advisors LP lifted its position 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 valued at $15,560,000 after acquiring an additional 29,305 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Planet Fitness in the 2nd quarter valued at approximately $267,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Trading Down 0.3%

NYSE PLNT opened at $52.27 on Wednesday. Planet Fitness, Inc. has a 1-year low of $37.03 and a 1-year high of $114.47. The firm’s fifty day simple moving average is $53.06 and its 200-day simple moving average is $75.44. The company has a market capitalization of $4.15 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.14 and a beta of 1.04.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating 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 the consensus estimate of $298.60 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’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. As a group, analysts predict that Planet Fitness, Inc. will post 3.18 EPS for the current year.

Insider Buying and Selling

In other Planet Fitness news, Director Frances G. Rathke acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $231,050. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PLNT. UBS Group cut their target price on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. KGI Securities downgraded Planet Fitness to a “neutral” rating and set a $50.50 price target on the stock. in a report on Friday, May 8th. Wells Fargo & Company dropped their price target on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Morgan Stanley downgraded Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 price objective for the company. in a research note on Friday, May 8th. Finally, Bank of America reaffirmed a “neutral” rating and set a $59.00 target price (down from $110.00) on shares of Planet Fitness in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $77.81.

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.