Frances Rathke Buys 5,000 Shares of Planet Fitness (NYSE:PLNT) Stock

Planet Fitness, Inc. (NYSE:PLNT) Director Frances Rathke bought 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $46.21 per share, with a total value of $231,050.00. Following the transaction, the director owned 5,000 shares in the company, valued at $231,050. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Planet Fitness Stock Performance

Shares of NYSE:PLNT opened at $49.52 on Wednesday. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.47. The business has a 50-day simple moving average of $71.15 and a two-hundred day simple moving average of $90.16. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping 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 business had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. During the same quarter in the previous year, the firm 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. As a group, research analysts predict that Planet Fitness, Inc. will post 3.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. TD Cowen downgraded Planet Fitness from a “buy” rating to a “hold” rating and cut their price target for the company from $90.00 to $50.00 in a research note on Friday. Guggenheim cut their price target on Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut their price target on Planet Fitness from $98.00 to $61.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, William Blair downgraded Planet Fitness from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.32.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLNT. Goldman Sachs Group Inc. grew 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 acquiring an additional 24,981 shares during the period. Empowered Funds LLC bought a new position in shares of Planet Fitness during the 1st quarter valued at approximately $1,891,000. EverSource Wealth Advisors LLC grew its stake in shares of Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. First Trust Advisors LP grew its stake in shares of Planet Fitness by 25.8% during the 2nd quarter. First Trust Advisors LP now owns 142,689 shares of the company’s stock valued at $15,560,000 after acquiring an additional 29,305 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Planet Fitness during the 2nd quarter valued at approximately $267,000. 95.53% of the stock is currently owned by institutional investors.

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.