Triodos Investment Management BV Reduces Stake in Planet Fitness, Inc. $PLNT

Triodos Investment Management BV reduced its stake in Planet Fitness, Inc. (NYSE:PLNT) by 7.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 276,000 shares of the company’s stock after selling 21,000 shares during the period. Planet Fitness accounts for approximately 2.2% of Triodos Investment Management BV’s investment portfolio, making the stock its 18th largest position. Triodos Investment Management BV’s holdings in Planet Fitness were worth $30,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Planet Fitness in the 4th quarter valued at $108,796,000. Eurizon Capital SGR S.p.A. purchased a new stake in Planet Fitness in the 4th quarter valued at $200,000. Future Fund LLC grew its holdings in Planet Fitness by 43.0% in the 4th quarter. Future Fund LLC now owns 23,870 shares of the company’s stock valued at $2,589,000 after buying an additional 7,183 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Planet Fitness in the 4th quarter valued at $1,346,000. Finally, Geode Capital Management LLC grew its holdings in Planet Fitness by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 1,658,435 shares of the company’s stock valued at $179,924,000 after buying an additional 26,575 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Planet Fitness

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

Planet Fitness Trading Up 1.0%

NYSE PLNT opened at $53.43 on Friday. The stock has a market cap of $4.24 billion, a PE ratio of 19.29, a P/E/G ratio of 1.15 and a beta of 1.12. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.47. The stock has a fifty day simple moving average of $64.49 and a 200-day simple moving average of $86.29.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (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 for the quarter, compared to analyst estimates of $298.60 million. During the same quarter in the prior year, the company earned $0.59 EPS. Planet Fitness’s 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. Research analysts predict that Planet Fitness, Inc. will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

PLNT has been the subject of a number of research analyst reports. KGI Securities cut Planet Fitness to a “neutral” rating and set a $50.50 price target for the company. in a report on Friday, May 8th. Canaccord Genuity Group set a $80.00 price target on Planet Fitness in a report on Friday, May 8th. Jefferies Financial Group set a $133.00 price target on Planet Fitness in a report on Thursday, May 7th. Guggenheim lowered 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. Finally, Morgan Stanley cut 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.81.

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.