Frances Rathke Acquires 5,000 Shares of Planet Fitness (NYSE:PLNT) Stock

Planet Fitness, Inc. (NYSE:PLNT) Director Frances Rathke bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $46.21 per share, with a total value of $231,050.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at $231,050. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Planet Fitness Trading Up 5.6%

PLNT traded up $2.57 on Monday, reaching $48.45. The company had a trading volume of 5,288,968 shares, compared to its average volume of 2,087,935. The company has a fifty day moving average of $73.19 and a 200-day moving average of $91.18. The company has a market capitalization of $3.88 billion, a P/E ratio of 17.49, a PEG ratio of 0.83 and a beta of 1.12. Planet Fitness, Inc. has a one year low of $37.03 and a one year high of $114.47.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The firm 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%. Planet Fitness’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Research analysts predict that Planet Fitness, Inc. will post 3.24 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Planet Fitness in the fourth quarter worth about $27,000. Clearstead Advisors LLC boosted its holdings in shares of 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 buying an additional 193 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after buying an additional 214 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Planet Fitness in the fourth quarter worth about $41,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Planet Fitness by 51.9% in the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after buying an additional 138 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLNT shares. Canaccord Genuity Group set a $80.00 price objective on shares of Planet Fitness in a research report on Friday. TD Cowen lowered shares of Planet Fitness from a “buy” rating to a “hold” rating and reduced their price objective for the company from $90.00 to $50.00 in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of Planet Fitness from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America restated a “neutral” rating and set a $59.00 price objective (down from $110.00) on shares of Planet Fitness in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.32.

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.