Lisanti Capital Growth LLC Invests $4.07 Million in Planet Fitness, Inc. $PLNT

Lisanti Capital Growth LLC bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 37,485 shares of the company’s stock, valued at approximately $4,066,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PLNT. Junto Capital Management LP acquired a new stake in shares of Planet Fitness during the 3rd quarter worth about $73,603,000. Freestone Grove Partners LP raised its position in shares of Planet Fitness by 149.2% during the 3rd 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. acquired a new stake in shares of Planet Fitness during the 3rd quarter worth about $28,515,000. Mane Global Capital Management LP acquired a new stake in shares of Planet Fitness during the 3rd quarter worth about $20,760,000. Finally, Sea Cliff Partners Management LP raised its position in shares of Planet Fitness by 385.6% during the 2nd quarter. Sea Cliff Partners Management LP now owns 185,782 shares of the company’s stock worth $20,260,000 after acquiring an additional 147,527 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Transactions at Planet Fitness

In other news, Director Frances G. Rathke purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $46.21 per share, for a total transaction of $231,050.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by corporate insiders.

Planet Fitness Stock Up 3.2%

NYSE:PLNT opened at $52.11 on Friday. The stock’s 50 day moving average price is $66.67 and its 200 day moving average price is $87.83. The company has a market capitalization of $4.14 billion, a PE ratio of 18.81, a P/E/G ratio of 1.13 and a beta of 1.12. Planet Fitness, Inc. has a 52-week low of $37.03 and a 52-week 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, topping analysts’ consensus estimates of $0.63 by $0.11. The firm had revenue of $337.24 million for the quarter, compared to the consensus estimate of $298.60 million. Planet Fitness had a negative return on equity of 81.29% and a net margin of 16.52%.The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, sell-side analysts anticipate that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PLNT. Bank of America reissued a “neutral” rating and set a $59.00 target price (down from $110.00) on shares of Planet Fitness in a research report on Friday, May 8th. Jefferies Financial Group set a $133.00 target price on Planet Fitness in a research report on Thursday, May 7th. KeyCorp cut their target price on Planet Fitness from $100.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Macquarie Infrastructure cut their target price on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Finally, KGI Securities lowered Planet Fitness to a “neutral” rating and set a $50.50 target price on the stock. in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.