Intech Investment Management LLC Makes New Investment in Planet Fitness, Inc. $PLNT

Intech Investment Management LLC bought a new position in Planet Fitness, Inc. (NYSE:PLNT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,411 shares of the company’s stock, valued at approximately $1,346,000.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Planet Fitness by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,658,435 shares of the company’s stock worth $179,924,000 after acquiring an additional 26,575 shares during the last quarter. Employees Retirement System of Texas bought a new position in Planet Fitness in the fourth quarter worth about $416,000. Jackson Creek Investment Advisors LLC bought a new position in Planet Fitness in the fourth quarter worth about $1,375,000. AlphaQuest LLC lifted its holdings in Planet Fitness by 80.5% in the fourth quarter. AlphaQuest LLC now owns 12,725 shares of the company’s stock worth $1,380,000 after acquiring an additional 5,677 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Planet Fitness by 135.9% in the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Activity at Planet Fitness

In related news, Director Frances G. Rathke acquired 5,000 shares of the stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Planet Fitness Trading Down 1.5%

Shares of NYSE:PLNT opened at $50.54 on Friday. The firm’s 50 day moving average is $62.15 and its two-hundred day moving average is $84.41. Planet Fitness, Inc. has a 52 week low of $37.03 and a 52 week high of $114.47. The firm has a market capitalization of $4.02 billion, a P/E ratio of 18.25, a PEG ratio of 1.11 and a beta of 1.04.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The company had revenue of $337.24 million for the quarter, compared to analyst estimates of $298.60 million. During the same quarter last year, the business earned $0.59 earnings per share. Planet Fitness’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. Analysts predict that Planet Fitness, Inc. will post 3.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. KGI Securities lowered shares of Planet Fitness to a “neutral” rating and set a $50.50 price target on the stock. in a research note on Friday, May 8th. William Blair lowered shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Stifel Nicolaus dropped their price target 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. Finally, UBS Group dropped their price target on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.81.

About Planet Fitness

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.