Havemeyer Place LP Buys New Holdings in Planet Fitness, Inc. $PLNT

Havemeyer Place LP bought a new stake in Planet Fitness, Inc. (NYSE:PLNT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,392 shares of the company’s stock, valued at approximately $1,127,000.

A number of other large investors have also recently bought and sold shares of the company. Argonautica Private Wealth Management Inc. purchased a new stake in Planet Fitness in the fourth quarter valued at approximately $589,000. Parallel Advisors LLC boosted its position in Planet Fitness by 300.9% in the fourth quarter. Parallel Advisors LLC now owns 930 shares of the company’s stock valued at $101,000 after buying an additional 698 shares during the last quarter. Pelham Capital Ltd. boosted its position in Planet Fitness by 15.6% in the fourth quarter. Pelham Capital Ltd. now owns 143,044 shares of the company’s stock valued at $15,516,000 after buying an additional 19,338 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Planet Fitness by 22.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,879 shares of the company’s stock valued at $204,000 after buying an additional 349 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in Planet Fitness by 1.6% in the fourth quarter. TD Asset Management Inc now owns 598,750 shares of the company’s stock valued at $64,946,000 after buying an additional 9,618 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Down 0.3%

Shares of NYSE:PLNT opened at $50.54 on Monday. The company has a market capitalization of $4.02 billion, a PE ratio of 18.25, a PEG ratio of 1.10 and a beta of 1.04. The business has a 50 day moving average of $62.15 and a two-hundred day moving average of $84.28. Planet Fitness, Inc. has a 12-month low of $37.03 and a 12-month high of $114.47.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLNT shares. Deutsche Bank Aktiengesellschaft dropped their target price on Planet Fitness from $98.00 to $61.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Guggenheim decreased their price target on Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a report on Friday, May 8th. KeyCorp decreased their price target on Planet Fitness from $100.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Morgan Stanley downgraded Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 price target for the company. in a report on Friday, May 8th. Finally, Jefferies Financial Group set a $133.00 price target on Planet Fitness in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.81.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of Planet Fitness stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $46.21 per share, with a total value of $231,050.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $231,050. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by insiders.

About Planet Fitness

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.