Key Points
- COO William Bode sold 7,000 Planet Fitness shares at an average price of $51.22, generating $358,540. After the sale, he retained 32,939 shares, a 17.53% reduction in his position.
- Planet Fitness recently exceeded quarterly expectations, reporting $0.88 in EPS and $365.22 million in revenue, up 7.1% year over year.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $70.24, while institutional investors own 95.53% of the company’s stock.
Planet Fitness, Inc. (NYSE:PLNT - Get Free Report) Director Christopher Tanco bought 2,328 shares of the stock in a transaction dated Monday, September 14th. The shares were bought at an average cost of $51.23 per share, with a total value of $119,263.44. Following the completion of the purchase, the director directly owned 2,328 shares of the company's stock, valued at approximately $119,263.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Planet Fitness Trading Down 1.5%
NYSE PLNT opened at $50.05 on Thursday. The stock has a market cap of $3.78 billion, a PE ratio of 16.97, a PEG ratio of 1.09 and a beta of 1.01. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.26. The company's 50-day moving average price is $52.33 and its 200-day moving average price is $59.04.
Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. The company had revenue of $365.22 million during the quarter, compared to analyst estimates of $356.21 million. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. As a group, sell-side analysts forecast that Planet Fitness, Inc. will post 3.21 earnings per share for the current year.
Institutional Investors Weigh In On Planet Fitness
Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in shares of Planet Fitness by 19.6% during the 2nd quarter. Tidal Investments LLC now owns 60,136 shares of the company's stock valued at $3,137,000 after purchasing an additional 9,848 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Planet Fitness in the 2nd quarter worth $590,000. Engineers Gate Manager LP acquired a new position in Planet Fitness during the 2nd quarter valued at about $1,859,000. Allworth Financial LP increased its position in Planet Fitness by 15.5% during the 2nd quarter. Allworth Financial LP now owns 1,699 shares of the company's stock valued at $89,000 after buying an additional 228 shares in the last quarter. Finally, Nykredit A S purchased a new stake in Planet Fitness in the second quarter valued at about $196,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on PLNT. Robert W. Baird set a $72.00 price target on Planet Fitness in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $55.00 price target on shares of Planet Fitness in a report on Wednesday, July 22nd. Weiss Ratings reissued a "sell (d+)" rating on shares of Planet Fitness in a research note on Monday. TD Cowen reiterated a "hold" rating on shares of Planet Fitness in a report on Friday, May 29th. Finally, Jefferies Financial Group set a $106.00 price target on Planet Fitness in a research report on Thursday, August 6th. One equities 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.24.
View Our Latest Stock Report on Planet Fitness
About Planet Fitness
(
Get Free Report)
Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. Its clubs provide access to cardiovascular and strength-training equipment, free weights, locker rooms, and other basic fitness amenities in a low-cost, welcoming environment designed to appeal to a broad range of consumers.
The company is known for its “Judgement Free Zone” concept, which emphasizes an approachable atmosphere for first-time, casual, and experienced gym users.
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