William Blair Investment Management LLC Trims Stock Holdings in Planet Fitness, Inc. $PLNT

William Blair Investment Management LLC decreased its position in Planet Fitness, Inc. (NYSE:PLNT) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,459,295 shares of the company’s stock after selling 134,612 shares during the period. William Blair Investment Management LLC owned approximately 1.75% of Planet Fitness worth $158,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in Planet Fitness by 101.0% in the 3rd quarter. Citigroup Inc. now owns 29,461 shares of the company’s stock worth $3,058,000 after acquiring an additional 14,805 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Planet Fitness by 21.0% during the 3rd quarter. Federated Hermes Inc. now owns 753,079 shares of the company’s stock valued at $78,170,000 after buying an additional 130,687 shares during the last quarter. Pelham Capital Ltd. purchased a new position in shares of Planet Fitness during the 3rd quarter valued at about $12,841,000. Burney Co. purchased a new position in shares of Planet Fitness during the 4th quarter valued at about $2,221,000. Finally, Impax Asset Management Group plc raised its stake in shares of Planet Fitness by 22.0% during the 3rd quarter. Impax Asset Management Group plc now owns 194,271 shares of the company’s stock valued at $20,165,000 after buying an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Up 3.2%

NYSE:PLNT opened at $52.11 on Friday. Planet Fitness, Inc. has a 52 week low of $37.03 and a 52 week high of $114.47. The stock has a market capitalization of $4.14 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12. The stock’s 50-day moving average price is $66.67 and its 200-day moving average price is $87.83.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $298.60 million. During the same period last year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Sell-side analysts expect that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Activity at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $46.21 per share, for a total transaction of $231,050.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $231,050. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLNT. Robert W. Baird set a $80.00 price objective on Planet Fitness in a research note on Friday, May 8th. Macquarie Infrastructure reduced their price objective on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Zacks Research lowered Planet Fitness from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. KGI Securities lowered Planet Fitness to a “neutral” rating and set a $50.50 price objective for the company. in a research note on Friday, May 8th. Finally, Weiss Ratings lowered Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and an average price target of $77.81.

Planet Fitness 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.