Geode Capital Management LLC Increases Position in Planet Fitness, Inc. $PLNT

Geode Capital Management LLC lifted its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 1.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,658,435 shares of the company’s stock after acquiring an additional 26,575 shares during the quarter. Geode Capital Management LLC’s holdings in Planet Fitness were worth $179,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cibc World Market Inc. boosted its stake in shares of Planet Fitness by 1.2% in the 3rd quarter. Cibc World Market Inc. now owns 8,607 shares of the company’s stock worth $893,000 after buying an additional 98 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Planet Fitness by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,627 shares of the company’s stock worth $2,764,000 after buying an additional 123 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Planet Fitness by 51.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after buying an additional 138 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Planet Fitness by 2.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,963 shares of the company’s stock worth $619,000 after buying an additional 163 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Planet Fitness by 4.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock worth $410,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Down 3.5%

NYSE:PLNT opened at $51.44 on Thursday. The stock has a market capitalization of $4.09 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.04. The firm’s 50 day moving average is $63.13 and its 200 day moving average is $85.03. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.47.

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

Insider Activity at Planet Fitness

In related news, Director Frances G. Rathke purchased 5,000 shares of the stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Royal Bank Of Canada cut their target price 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. KeyCorp lowered their price target on shares of Planet Fitness from $100.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. William Blair cut shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a report on Thursday, May 7th. Finally, Canaccord Genuity Group set a $80.00 price target on shares of Planet Fitness in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Planet Fitness presently has an average rating of “Moderate Buy” and a consensus price target of $77.81.

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.