Gotham Asset Management LLC Has $47.50 Million Position in Planet Fitness, Inc. $PLNT

Gotham Asset Management LLC grew its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 437,862 shares of the company’s stock after purchasing an additional 82,053 shares during the quarter. Gotham Asset Management LLC owned about 0.53% of Planet Fitness worth $47,495,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Steadfast Capital Management LP boosted its stake in Planet Fitness by 4.6% in the third quarter. Steadfast Capital Management LP now owns 1,888,992 shares of the company’s stock worth $196,077,000 after purchasing an additional 83,215 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 purchasing an additional 26,575 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Planet Fitness by 1.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after purchasing an additional 24,981 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Planet Fitness by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,216,215 shares of the company’s stock worth $131,926,000 after purchasing an additional 10,508 shares in the last quarter. Finally, Norges Bank acquired a new position in Planet Fitness in the fourth quarter worth $108,796,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank Of Canada reduced their price objective on Planet Fitness from $85.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Stifel Nicolaus dropped their target price on Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. KGI Securities downgraded Planet Fitness to a “neutral” rating and set a $50.50 target price for the company. in a research report on Friday, May 8th. Roth Mkm dropped their target price on Planet Fitness from $109.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, William Blair downgraded Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.81.

Planet Fitness Stock Down 0.2%

PLNT stock opened at $50.23 on Thursday. The company has a market cap of $3.99 billion, a P/E ratio of 18.13, a PEG ratio of 1.09 and a beta of 1.04. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.47. The business has a fifty day moving average of $58.46 and a 200-day moving average of $81.03.

Planet Fitness (NYSE:PLNT) last released its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The company had revenue of $337.24 million during the quarter, compared to the consensus estimate of $298.60 million. Planet Fitness had a negative return on equity of 81.29% and a net margin of 16.52%.The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, equities research analysts anticipate that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Frances G. Rathke acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $46.21 per share, for a total transaction of $231,050.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at $231,050. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.