Oak Thistle LLC Has $573,000 Holdings in Planet Fitness, Inc. $PLNT

Oak Thistle LLC trimmed its position in Planet Fitness, Inc. (NYSE:PLNT) by 74.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,516 shares of the company’s stock after selling 15,923 shares during the quarter. Oak Thistle LLC’s holdings in Planet Fitness were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Game Plan Financial Advisors LLC purchased a new stake in Planet Fitness in the 2nd quarter worth about $25,000. Hantz Financial Services Inc. lifted its position in shares of Planet Fitness by 964.0% in the second quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock worth $29,000 after purchasing an additional 241 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Planet Fitness by 57.8% in the first quarter. Brooklyn Investment Group now owns 322 shares of the company’s stock worth $31,000 after purchasing an additional 118 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Planet Fitness by 184.5% during 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. Finally, Elevation Point Wealth Partners LLC purchased a new position in Planet Fitness during the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Guggenheim upgraded shares of Planet Fitness to a “strong-buy” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. raised their price target on Planet Fitness from $108.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Macquarie raised their price objective on shares of Planet Fitness from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. UBS Group started coverage on shares of Planet Fitness in a research note on Friday, October 17th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Planet Fitness in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.92.

Planet Fitness Trading Up 1.1%

NYSE PLNT opened at $111.31 on Friday. The company has a fifty day simple moving average of $102.91 and a 200 day simple moving average of $104.57. The company has a market cap of $9.27 billion, a P/E ratio of 45.43, a P/E/G ratio of 2.46 and a beta of 1.28. Planet Fitness, Inc. has a 1 year low of $87.72 and a 1 year high of $114.47.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, November 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $330.35 million for the quarter, compared to the consensus estimate of $323.95 million. Planet Fitness had a net margin of 15.97% and a negative return on equity of 126.58%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. Equities research analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

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.