Planet Fitness, Inc. $PLNT Shares Sold by Triodos Investment Management BV

by · The Cerbat Gem

Triodos Investment Management BV cut its stake in Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,000 shares of the company’s stock after selling 21,000 shares during the quarter. Planet Fitness makes up approximately 2.2% of Triodos Investment Management BV’s investment portfolio, making the stock its 18th largest position. Triodos Investment Management BV owned approximately 0.33% of Planet Fitness worth $30,139,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Steadfast Capital Management LP lifted its holdings in Planet Fitness by 4.6% in the third quarter. Steadfast Capital Management LP now owns 1,888,992 shares of the company’s stock valued at $196,077,000 after acquiring an additional 83,215 shares during the period. Geode Capital Management LLC lifted its holdings in Planet Fitness by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,658,435 shares of the company’s stock valued at $179,924,000 after acquiring an additional 26,575 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Planet Fitness by 1.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock valued at $134,201,000 after acquiring an additional 24,981 shares during the period. Norges Bank acquired a new position in Planet Fitness in the fourth quarter valued at approximately $108,796,000. Finally, UBS Group AG lifted its holdings in Planet Fitness by 4.0% in the third quarter. UBS Group AG now owns 824,395 shares of the company’s stock valued at $85,572,000 after acquiring an additional 31,605 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Price Performance

Planet Fitness stock opened at $53.43 on Friday. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.47. The stock has a market capitalization of $4.24 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. The business has a 50 day simple moving average of $64.49 and a 200-day simple moving average of $86.29.

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

Insider Activity at Planet Fitness

In other news, Director Frances G. Rathke purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $46.21 per share, for a total transaction of $231,050.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $231,050. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLNT. Weiss Ratings downgraded Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. KeyCorp cut their price objective on Planet Fitness from $100.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Robert W. Baird set a $80.00 price objective on Planet Fitness in a research report on Friday, May 8th. UBS Group cut their price objective on Planet Fitness from $120.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Roth Mkm cut their price objective on Planet Fitness from $109.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. One 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.81.

Read Our Latest Report on PLNT

Planet Fitness Profile

(Free Report)

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.

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