Interval Partners LP Purchases Shares of 111,565 Planet Fitness, Inc. $PLNT

Interval Partners LP purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 111,565 shares of the company’s stock, valued at approximately $12,101,000. Interval Partners LP owned about 0.13% of Planet Fitness as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Planet Fitness during the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Clearstead Advisors LLC boosted its stake in Planet Fitness by 135.9% during the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 193 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Planet Fitness during the 4th quarter valued at about $41,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Planet Fitness by 131.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling

In other news, Director Frances G. Rathke acquired 5,000 shares of the company’s 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 owned 5,000 shares in the company, valued at approximately $231,050. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Planet Fitness Stock Down 0.2%

Shares of NYSE PLNT opened at $50.23 on Thursday. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.47. The stock’s 50 day moving average price is $58.46 and its 200-day moving average price is $81.03. The company has a market capitalization of $3.99 billion, a PE ratio of 18.13, a PEG ratio of 1.09 and a beta of 1.04.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data 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 negative return on equity of 81.29% and a net margin of 16.52%.The business had revenue of $337.24 million for the quarter, compared to the consensus estimate of $298.60 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. Planet Fitness’s revenue for the quarter was up 21.9% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, research analysts expect that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PLNT shares. Zacks Research downgraded Planet Fitness from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Planet Fitness from $98.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Jefferies Financial Group set a $133.00 target price on Planet Fitness in a research note on Thursday, May 7th. Stifel Nicolaus cut their target price on 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, Canaccord Genuity Group set a $80.00 target price on Planet Fitness in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and an average target price 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.