T3 Companies LLC Makes New Investment in Planet Fitness, Inc. $PLNT

T3 Companies LLC bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,437 shares of the company’s stock, valued at approximately $694,000.

Several other hedge funds also recently bought and sold shares of PLNT. Versant Capital Management Inc increased its stake in Planet Fitness by 285.9% in the 2nd quarter. Versant Capital Management Inc now owns 494 shares of the company’s stock worth $26,000 after buying an additional 366 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Planet Fitness during the third quarter valued at about $32,000. Mather Group LLC. raised its holdings in Planet Fitness by 163.3% during the third quarter. Mather Group LLC. now owns 790 shares of the company’s stock valued at $33,000 after acquiring an additional 490 shares during the period. Root Financial Partners LLC bought a new stake in Planet Fitness during the third quarter valued at about $36,000. Finally, CoreCap Advisors LLC lifted its position in shares of Planet Fitness by 2,278.7% in the second quarter. CoreCap Advisors LLC now owns 1,118 shares of the company’s stock valued at $58,000 after acquiring an additional 1,071 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Performance

PLNT opened at $53.26 on Friday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.11 and a beta of 1.05. The company has a fifty day moving average of $48.67 and a 200 day moving average of $53.48. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.26.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (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 company had revenue of $365.22 million for the quarter, compared to the consensus estimate of $356.21 million. During the same period in the previous year, the firm posted $0.86 EPS. Planet Fitness’s revenue for the quarter was up 7.1% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. On average, equities research analysts forecast that Planet Fitness, Inc. will post 3.21 earnings per share for the current year.

Insider Transactions at Planet Fitness

In other news, COO William Bode sold 7,000 shares of Planet Fitness stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $51.22, for a total value of $358,540.00. Following the sale, the chief operating officer directly owned 32,939 shares of the company’s stock, valued at approximately $1,687,135.58. The trade was a 17.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Tanco bought 2,328 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average price 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 represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group set a $106.00 price objective on Planet Fitness in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company reissued an “overweight” rating on shares of Planet Fitness in a research note on Monday, July 20th. Zacks Research raised Planet Fitness from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, UBS Group reissued a “buy” rating on shares of Planet Fitness in a report on Friday, October 9th. One research 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 given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.34.

Planet Fitness Profile

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. The company follows a “high-value, low-price” model designed to make gym memberships accessible to a broad range of consumers. Its clubs offer cardiovascular and strength-training equipment, group and individual exercise areas, and a welcoming environment known as the “Judgement Free Zone.”

Planet Fitness generates revenue primarily through membership dues, franchise royalties and fees, and sales of merchandise and other services.