Planet Fitness, Inc. $PLNT Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,593,907 shares of the company’s stock after selling 145,037 shares during the quarter. William Blair Investment Management LLC owned 1.89% of Planet Fitness worth $165,448,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of Planet Fitness by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock valued at $134,201,000 after buying an additional 24,981 shares during the last quarter. Empowered Funds LLC bought a new position in Planet Fitness during the 1st quarter valued at $1,891,000. Y Intercept Hong Kong Ltd acquired a new position in Planet Fitness during the 2nd quarter worth $883,000. Hantz Financial Services Inc. increased its position 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 purchasing an additional 241 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Planet Fitness by 2.2% during the second quarter. Assetmark Inc. now owns 12,602 shares of the company’s stock worth $1,374,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Macquarie Infrastructure lowered their price objective on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. Stifel Nicolaus set a $105.00 target price on shares of Planet Fitness in a report on Tuesday. Morgan Stanley reduced their price target on shares of Planet Fitness from $128.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, TD Cowen reiterated a “buy” rating on shares of Planet Fitness in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.58.

Planet Fitness Stock Down 1.7%

Planet Fitness stock opened at $82.34 on Friday. The firm has a 50-day moving average price of $97.15 and a two-hundred day moving average price of $100.86. Planet Fitness, Inc. has a 52-week low of $79.18 and a 52-week high of $114.47. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.31 and a beta of 1.26.

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