Planet Fitness, Inc. $PLNT Shares Purchased by Van Berkom & Associates Inc.
by Scott Moore · The Cerbat GemVan Berkom & Associates Inc. raised its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 818,233 shares of the company’s stock after acquiring an additional 75,614 shares during the period. Planet Fitness makes up 2.6% of Van Berkom & Associates Inc.’s holdings, making the stock its 12th largest position. Van Berkom & Associates Inc. owned approximately 0.98% of Planet Fitness worth $88,754,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of PLNT. V Square Quantitative Management LLC acquired a new position in shares of Planet Fitness during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its holdings in Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Hantz Financial Services Inc. lifted its holdings in Planet Fitness by 51.9% in the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after purchasing an additional 138 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Planet Fitness in the third quarter worth about $44,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Planet Fitness by 131.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after buying an additional 253 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.
Planet Fitness Price Performance
PLNT opened at $63.25 on Tuesday. The business has a 50 day moving average price of $75.05 and a two-hundred day moving average price of $91.95. Planet Fitness, Inc. has a 1-year low of $62.38 and a 1-year high of $114.47. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12.
Planet Fitness (NYSE:PLNT – Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The business had revenue of $376.26 million for the quarter, compared to the consensus estimate of $366.48 million. During the same period in the previous year, the firm earned $0.70 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Equities analysts expect that Planet Fitness, Inc. will post 3.38 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have commented on PLNT. Macquarie Infrastructure dropped their price target on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Stifel Nicolaus dropped their price target on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their target price on Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. TD Cowen cut their target price on Planet Fitness from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Robert W. Baird cut their target price on Planet Fitness from $112.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus target price of $109.93.
View Our Latest Stock Report on Planet Fitness
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.
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