Two Creeks Capital Management LP Buys 7,061 Shares of Planet Fitness, Inc. $PLNT

Two Creeks Capital Management LP raised its stake in Planet Fitness, Inc. (NYSE:PLNT) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 548,040 shares of the company’s stock after acquiring an additional 7,061 shares during the period. Planet Fitness makes up 4.1% of Two Creeks Capital Management LP’s portfolio, making the stock its 13th largest holding. Two Creeks Capital Management LP owned approximately 0.65% of Planet Fitness worth $56,887,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Inceptionr LLC bought a new position in Planet Fitness during the second quarter valued at approximately $356,000. ABN AMRO Bank N.V. purchased a new position in shares of Planet Fitness in the second quarter valued at $13,214,000. Citigroup Inc. increased its position in Planet Fitness by 101.0% in the third quarter. Citigroup Inc. now owns 29,461 shares of the company’s stock worth $3,058,000 after purchasing an additional 14,805 shares during the last quarter. Federated Hermes Inc. raised its stake in Planet Fitness by 21.0% during the third quarter. Federated Hermes Inc. now owns 753,079 shares of the company’s stock valued at $78,170,000 after purchasing an additional 130,687 shares in the last quarter. Finally, Pelham Capital Ltd. bought a new position in Planet Fitness during the third quarter valued at $12,841,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Performance

PLNT opened at $73.63 on Friday. The stock’s 50 day moving average price is $90.91 and its 200-day moving average price is $98.93. Planet Fitness, Inc. has a one year low of $73.29 and a one year high of $114.47. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.30 and a beta of 1.25.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $376.26 million during the quarter, compared to analyst estimates of $366.48 million. During the same period last year, the company earned $0.70 EPS. Planet Fitness’s quarterly revenue was up 10.5% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. As a group, analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Key Planet Fitness News

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: Jefferies reiterated a Buy and kept an aggressive $175 price target, calling the interim CFO appointment a stabilizing move; that bullish stance signals large upside versus current levels. Jefferies Maintains a Buy Rating on Planet Fitness, Inc. (PLNT) with a $175 Price Target
• Positive Sentiment: KeyBanc (KeyCorp) initiated coverage with an Overweight/“overweight”/“strong-buy” stance and a $100 price target (roughly mid/high double-digit upside), adding another institutional buy-side endorsement. KeyBanc initiates coverage of Planet Fitness (PLNT) with overweight recommendation
• Positive Sentiment: Wells Fargo also initiated coverage with an Overweight recommendation, adding to the recent wave of analyst support and potential demand from institutional buyers. Wells Fargo & Company Initiates Coverage on Planet Fitness (NYSE:PLNT)
• Positive Sentiment: Multiple analyst roundups (TipRanks/Globe and Mail coverage) highlight bullish sentiment on consumer-cyclical names including PLNT, reinforcing the analyst momentum behind the stock. Analysts Offer Insights on Consumer Cyclical Companies: Planet Fitness (PLNT)
• Neutral Sentiment: The company’s interim CFO appointment has drawn analyst attention to Planet Fitness’s valuation and balance sheet — a watchpoint that could slow upside until clarity on debt strategy and financial cadence emerges. Planet Fitness Interim CFO Shift Puts Valuation And Debt In Focus
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Planet Fitness, which introduces litigation risk and may pressure the stock until details and potential exposures are clarified. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Planet Fitness, Inc. – PLNT

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PLNT. Stifel Nicolaus set a $105.00 target price on shares of Planet Fitness in a report on Tuesday, February 24th. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective on shares of Planet Fitness in a research note on Tuesday, February 24th. Wells Fargo & Company initiated coverage on Planet Fitness in a report on Wednesday. They issued an “overweight” rating and a $90.00 target price for the company. Morgan Stanley restated an “overweight” rating and set a $117.00 price target on shares of Planet Fitness in a report on Tuesday. Finally, Zacks Research lowered shares of Planet Fitness from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Planet Fitness presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

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.