23,051 Shares in Planet Fitness, Inc. $PLNT Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT) during the second quarter, HoldingsChannel.com reports. The firm purchased 23,051 shares of the company’s stock, valued at approximately $1,203,000.

Several other large investors have also recently bought and sold shares of PLNT. Goldman Sachs Group Inc. boosted its holdings in shares of Planet Fitness by 1.8% during the first 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 bought a new position in shares of Planet Fitness during the first quarter worth approximately $1,891,000. EverSource Wealth Advisors LLC lifted its holdings in 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 last quarter. First Trust Advisors LP lifted its holdings in Planet Fitness by 25.8% during the 2nd quarter. First Trust Advisors LP now owns 142,689 shares of the company’s stock worth $15,560,000 after purchasing an additional 29,305 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Planet Fitness in the 2nd quarter valued at $267,000. 95.53% of the stock is owned by institutional investors.

Key Planet Fitness News

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: One recent analysis characterized PLNT as a strong long-term momentum candidate, suggesting that the company’s underlying growth profile and valuation could still appeal to investors despite recent volatility. Why Planet Fitness is a Top Momentum Stock for the Long-Term

Insiders Place Their Bets

In related news, Director Stephen Spinelli, Jr. bought 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $49.28 per share, with a total value of $492,800.00. Following the transaction, the director directly owned 45,516 shares in the company, valued at approximately $2,243,028.48. This trade represents a 28.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PLNT. UBS Group reiterated a “buy” rating on shares of Planet Fitness in a research report on Monday, July 20th. Cantor Fitzgerald set a $62.00 target price on shares of Planet Fitness in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Planet Fitness from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Canaccord Genuity Group raised their price target on shares of Planet Fitness from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $62.00 price objective on shares of Planet Fitness in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.24.

Planet Fitness Price Performance

Planet Fitness stock opened at $49.83 on Wednesday. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.26. The business has a 50 day moving average of $52.59 and a 200-day moving average of $60.57. The company has a market capitalization of $3.76 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.10 and a beta of 1.01.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The firm had revenue of $365.22 million during the quarter, compared to the consensus estimate of $356.21 million. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Equities analysts anticipate that Planet Fitness, Inc. will post 3.21 EPS for the current year.

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.