Planet Fitness (NYSE:PLNT) Director Christopher Tanco Purchases 2,328 Shares

Planet Fitness, Inc. (NYSE:PLNT) Director Christopher Tanco purchased 2,328 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $51.23 per share, for a total transaction of $119,263.44. Following the completion of the transaction, the director directly owned 2,328 shares of the company’s stock, valued at $119,263.44. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Planet Fitness Price Performance

Planet Fitness stock traded down $0.76 during mid-day trading on Wednesday, hitting $50.05. The company’s stock had a trading volume of 2,066,022 shares, compared to its average volume of 2,065,675. Planet Fitness, Inc. has a 52-week low of $37.03 and a 52-week high of $114.26. The company has a market cap 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 firm’s 50 day moving average is $52.36 and its 200 day moving average is $59.28.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Planet Fitness from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Planet Fitness in a research note on Monday, July 20th. Morgan Stanley lifted their price objective on Planet Fitness from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. boosted their target price on Planet Fitness from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, UBS Group reaffirmed a “buy” rating on shares of Planet Fitness in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its holdings in Planet Fitness by 1.6% in the fourth 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 26,575 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Planet Fitness by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,238,129 shares of the company’s stock worth $92,091,000 after acquiring an additional 21,914 shares in the last quarter. Norges Bank bought a new stake in shares of Planet Fitness during the 4th quarter worth about $108,796,000. Finally, Van Berkom & Associates Inc. increased its holdings in shares of Planet Fitness by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock valued at $73,697,000 after acquiring an additional 172,586 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

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.