Key Points
- Director Frances Rathke bought 5,000 shares of Planet Fitness on May 8 at an average price of $46.21 per share, a purchase worth about $231,050.
- Planet Fitness reported better-than-expected quarterly results, with EPS of $0.74 versus $0.63 estimated and revenue of $337.24 million, up 21.9% year over year.
- Analysts have trimmed price targets recently, though the overall consensus remains Moderate Buy with an average target of $81.32.
Planet Fitness, Inc. (NYSE:PLNT - Get Free Report) Director Frances Rathke bought 5,000 shares of the firm's stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of $46.21 per share, with a total value of $231,050.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $231,050. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Planet Fitness Price Performance
Shares of Planet Fitness stock opened at $48.45 on Tuesday. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.47. The firm has a market cap of $3.88 billion, a PE ratio of 17.49, a P/E/G ratio of 0.83 and a beta of 1.12. The stock has a fifty day moving average price of $71.80 and a 200-day moving average price of $90.50.
Planet Fitness (NYSE:PLNT - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (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 firm had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. During the same period last year, the firm posted $0.59 EPS. The business'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. As a group, equities analysts anticipate that Planet Fitness, Inc. will post 3.24 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Guggenheim decreased their target price on Planet Fitness from $126.00 to $95.00 and set a "buy" rating for the company in a research report on Friday. Bank of America reaffirmed a "neutral" rating and set a $59.00 target price (down from $110.00) on shares of Planet Fitness in a research report on Friday. TD Cowen lowered Planet Fitness from a "buy" rating to a "hold" rating and decreased their target price for the company from $90.00 to $50.00 in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Planet Fitness from $120.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company cut their price target on Planet Fitness from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.32.
Get Our Latest Analysis on Planet Fitness
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. boosted its stake in Planet Fitness by 1.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,236,173 shares of the company's stock worth $1,001,848,000 after purchasing an additional 149,503 shares during the period. SRS Investment Management LLC boosted its position in shares of Planet Fitness by 4.5% during the 4th quarter. SRS Investment Management LLC now owns 4,877,578 shares of the company's stock valued at $529,071,000 after acquiring an additional 212,145 shares during the last quarter. Steadfast Capital Management LP boosted its position 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 valued at $196,077,000 after acquiring an additional 83,215 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $179,924,000 after acquiring an additional 26,575 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position 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 valued at $134,201,000 after acquiring an additional 24,981 shares during the last quarter. Institutional investors own 95.53% of the company's stock.
About Planet Fitness
(
Get Free Report)
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.
Further Reading
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