Planet Fitness (NYSE:PLNT) COO Sells $358,540.00 in Stock

Planet Fitness, Inc. (NYSE:PLNT) COO William Bode sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $51.22, for a total value of $358,540.00. Following the completion of the sale, the chief operating officer owned 32,939 shares of the company’s stock, valued at approximately $1,687,135.58. This represents a 17.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Planet Fitness Price Performance

Shares of PLNT traded down $0.76 during mid-day trading on Wednesday, reaching $50.05. 2,066,022 shares of the company’s stock were exchanged, compared to its average volume of 2,065,675. The stock has a market capitalization of $3.78 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business’s fifty day simple moving average is $52.36 and its 200-day simple moving average is $59.28. Planet Fitness, Inc. has a 52-week low of $37.03 and a 52-week high of $114.26.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The business had revenue of $365.22 million for the quarter, compared to analysts’ expectations of $356.21 million. During the same period in the previous year, the company posted $0.86 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Equities research analysts predict that Planet Fitness, Inc. will post 3.21 earnings per share for the current year.

Institutional Investors Weigh In On Planet Fitness

Several hedge funds have recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Planet Fitness by 285.9% in the second quarter. Versant Capital Management Inc now owns 494 shares of the company’s stock valued at $26,000 after purchasing an additional 366 shares during the period. Clearstead Advisors LLC boosted its stake in Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after buying an additional 193 shares during the last quarter. CoreCap Advisors LLC grew its holdings in Planet Fitness by 2,278.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,118 shares of the company’s stock valued at $58,000 after buying an additional 1,071 shares during the period. SHP Wealth Management purchased a new stake in Planet Fitness in the 4th quarter valued at about $71,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Planet Fitness by 142.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 985 shares of the company’s stock valued at $73,000 after acquiring an additional 579 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PLNT shares. Zacks Research raised shares of Planet Fitness from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Royal Bank Of Canada lowered their price target on Planet Fitness from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Canaccord Genuity Group boosted their price target on Planet Fitness from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $62.00 price objective on shares of Planet Fitness in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a $106.00 target price on Planet Fitness in a research note 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Planet Fitness Company Profile

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.