Interval Partners LP Acquires New Stake in Planet Fitness, Inc. $PLNT

Interval Partners LP acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 111,565 shares of the company’s stock, valued at approximately $12,101,000.

Several other institutional investors have also bought and sold shares of PLNT. Norges Bank purchased a new position in Planet Fitness in the fourth quarter valued at approximately $108,796,000. Junto Capital Management LP purchased a new stake in shares of Planet Fitness during the third quarter worth $73,603,000. Freestone Grove Partners LP lifted its position in shares of Planet Fitness by 149.2% during the third quarter. Freestone Grove Partners LP now owns 527,634 shares of the company’s stock worth $54,768,000 after acquiring an additional 315,941 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Planet Fitness during the third quarter worth $28,515,000. Finally, Mane Global Capital Management LP purchased a new stake in shares of Planet Fitness during the third quarter worth $20,760,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PLNT has been the topic of several recent research reports. William Blair downgraded Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. UBS Group dropped their target price on Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. TD Cowen restated a “hold” rating on shares of Planet Fitness in a research report on Friday, May 29th. Canaccord Genuity Group set a $80.00 target price on Planet Fitness in a research report on Friday, May 8th. Finally, Robert W. Baird set a $80.00 target price on Planet Fitness in a research report on Friday, May 8th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Planet Fitness currently has a consensus rating of “Moderate Buy” and an average target price of $77.81.

Insider Buying and Selling at Planet Fitness

In other news, Director Frances G. Rathke purchased 5,000 shares of the firm’s stock in a transaction dated 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 acquisition, the director owned 5,000 shares in the company, valued at $231,050. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Planet Fitness Stock Performance

Planet Fitness stock opened at $50.23 on Thursday. The stock has a market cap of $3.99 billion, a P/E ratio of 18.13, a PEG ratio of 1.09 and a beta of 1.04. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.47. The firm’s fifty day moving average price is $58.46 and its 200-day moving average price is $81.03.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.11. The firm had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $298.60 million. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Sell-side analysts predict that Planet Fitness, Inc. will post 3.18 earnings per share for the current year.

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.