6,774 Shares in Planet Fitness, Inc. $PLNT Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,774 shares of the company’s stock, valued at approximately $703,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its holdings in shares of Planet Fitness by 964.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock worth $29,000 after buying an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. SJS Investment Consulting Inc. grew its position in Planet Fitness by 6,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $44,000 after acquiring an additional 417 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Planet Fitness during the third quarter worth $44,000. Finally, Smartleaf Asset Management LLC raised its stake in Planet Fitness by 131.8% during the third quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after acquiring an additional 253 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Stock Performance

NYSE PLNT opened at $82.34 on Friday. The stock has a fifty day moving average of $97.15 and a 200-day moving average of $100.89. The stock has a market capitalization of $6.86 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. Planet Fitness, Inc. has a 52 week low of $79.18 and a 52 week high of $114.47.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. The business had revenue of $376.26 million for the quarter, compared to analyst estimates of $366.48 million. Planet Fitness had a negative return on equity of 97.97% and a net margin of 16.55%.The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Equities research analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PLNT. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price on shares of Planet Fitness in a research note on Tuesday. Macquarie Infrastructure cut their price target on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Guggenheim upgraded shares of Planet Fitness to a “strong-buy” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada decreased their price objective on shares of Planet Fitness from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, TD Cowen reaffirmed a “buy” rating on shares of Planet Fitness in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and an average price target of $123.64.

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.