Planet Fitness, Inc. $PLNT Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. reduced its position in Planet Fitness, Inc. (NYSE:PLNT) by 38.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,162 shares of the company’s stock after selling 35,829 shares during the quarter. Walter Public Investments Inc. owned about 0.07% of Planet Fitness worth $4,326,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Osborne Partners Capital Management LLC boosted its position in shares of Planet Fitness by 110.6% in the 1st quarter. Osborne Partners Capital Management LLC now owns 152,197 shares of the company’s stock worth $11,320,000 after purchasing an additional 79,915 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Planet Fitness during the 1st quarter valued at about $2,784,000. MeadowBrook Investment Advisors LLC raised its stake in Planet Fitness by 25.6% in the first quarter. MeadowBrook Investment Advisors LLC now owns 3,430 shares of the company’s stock valued at $255,000 after buying an additional 700 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Planet Fitness in the first quarter worth about $659,000. Finally, ABN AMRO Bank N.V. boosted its holdings in Planet Fitness by 36.9% in the first quarter. ABN AMRO Bank N.V. now owns 164,797 shares of the company’s stock worth $12,395,000 after acquiring an additional 44,404 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Planet Fitness news, Director Frances G. Rathke acquired 5,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of $46.21 per share, with a total value of $231,050.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately $231,050. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Planet Fitness Stock Down 0.1%

Shares of NYSE:PLNT opened at $53.40 on Friday. Planet Fitness, Inc. has a 52-week low of $37.03 and a 52-week high of $114.47. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.16 and a beta of 1.04. The business has a 50-day moving average price of $53.74 and a 200-day moving average price of $76.48.

Planet Fitness (NYSE:PLNT) last released its earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, topping 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 during 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 company’s 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, equities analysts anticipate that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on PLNT. Robert W. Baird set a $80.00 price objective on shares of Planet Fitness in a report on Friday, May 8th. Jefferies Financial Group set a $133.00 target price on shares of Planet Fitness in a research note on Thursday, May 7th. William Blair downgraded shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Roth Mkm cut their price target on shares of Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, 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.