Pelham Capital Ltd. Has $15.52 Million Stock Position in Planet Fitness, Inc. $PLNT

Pelham Capital Ltd. boosted its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,044 shares of the company’s stock after purchasing an additional 19,338 shares during the quarter. Planet Fitness makes up approximately 8.3% of Pelham Capital Ltd.’s holdings, making the stock its 6th biggest position. Pelham Capital Ltd. owned 0.17% of Planet Fitness worth $15,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steadfast Capital Management LP raised its holdings in shares of Planet Fitness by 4.6% during the 3rd quarter. Steadfast Capital Management LP now owns 1,888,992 shares of the company’s stock worth $196,077,000 after acquiring an additional 83,215 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Planet Fitness by 1.6% during the 4th 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Planet Fitness by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after acquiring an additional 24,981 shares in the last quarter. Norges Bank purchased a new stake in shares of Planet Fitness during the 4th quarter worth approximately $108,796,000. Finally, UBS Group AG raised its holdings in shares of Planet Fitness by 4.0% during the 3rd quarter. UBS Group AG now owns 824,395 shares of the company’s stock worth $85,572,000 after acquiring an additional 31,605 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Bank of America reaffirmed a “neutral” rating and set a $59.00 price objective (down from $110.00) on shares of Planet Fitness in a report on Friday, May 8th. Roth Mkm decreased their price objective on Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings cut Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wells Fargo & Company decreased their price target on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, TD Cowen restated a “hold” rating on shares of Planet Fitness in a report on Friday, May 29th. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.81.

Planet Fitness Stock Performance

NYSE:PLNT opened at $51.26 on Friday. The stock’s fifty day moving average is $62.65 and its 200 day moving average is $84.65. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.47. The firm has a market capitalization of $4.07 billion, a PE ratio of 18.51, a PEG ratio of 1.12 and a beta of 1.04.

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

Insider Buying and Selling

In other Planet Fitness news, Director Frances G. Rathke acquired 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were 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 of the company’s stock, valued at $231,050. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.90% of the stock is owned by company insiders.

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.