Louisiana State Employees Retirement System Takes Position in Planet Fitness, Inc. $PLNT

Louisiana State Employees Retirement System purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,100 shares of the company’s stock, valued at approximately $1,793,000.

Several other large investors have also recently bought and sold shares of the company. OP Asset Management Ltd bought a new stake in shares of Planet Fitness during the first quarter worth $852,000. SG Americas Securities LLC increased its position in Planet Fitness by 251.6% in the first quarter. SG Americas Securities LLC now owns 94,896 shares of the company’s stock worth $7,058,000 after purchasing an additional 67,907 shares during the period. E. Ohman J or Asset Management AB increased its position in Planet Fitness by 8.8% in the first quarter. E. Ohman J or Asset Management AB now owns 28,610 shares of the company’s stock worth $2,128,000 after purchasing an additional 2,323 shares during the period. Diversified Trust Co raised its holdings in Planet Fitness by 11.4% during the 1st quarter. Diversified Trust Co now owns 6,303 shares of the company’s stock worth $469,000 after purchasing an additional 647 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Planet Fitness by 1,886.5% during the 4th quarter. Hsbc Holdings PLC now owns 61,800 shares of the company’s stock worth $6,726,000 after purchasing an additional 58,689 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Stock Performance

PLNT opened at $52.27 on Wednesday. The firm’s fifty day moving average is $54.89 and its two-hundred day moving average is $77.42. The firm has a market cap of $4.15 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.47.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results 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. The company had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Equities analysts forecast that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Insider Activity at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke acquired 5,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $46.21 per share, for a total transaction of $231,050.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately $231,050. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group set a $80.00 target price on shares of Planet Fitness in a research note on Friday, May 8th. UBS Group cut their price objective on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Stifel Nicolaus reduced their price objective on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Wells Fargo & Company decreased their price objective on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Guggenheim dropped their price objective on Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average 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.