Intech Investment Management LLC Takes $1.35 Million Position in Planet Fitness, Inc. $PLNT

Intech Investment Management LLC acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,411 shares of the company’s stock, valued at approximately $1,346,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Planet Fitness in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its position in Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after buying an additional 214 shares during the last quarter. Clearstead Advisors LLC boosted its position in Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Planet Fitness by 51.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after buying an additional 138 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Planet Fitness in the 3rd quarter valued at about $44,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Stock Performance

Shares of PLNT stock opened at $50.54 on Friday. Planet Fitness, Inc. has a one year low of $37.03 and a one year high of $114.47. The company’s 50-day simple moving average is $62.15 and its 200-day simple moving average is $84.41. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.11 and a beta of 1.04.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The business had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $298.60 million. During the same quarter last year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, research analysts forecast that Planet Fitness, Inc. will post 3.18 EPS for the current year.

Insider Activity at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of the business’s stock in a transaction 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 completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately $231,050. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

PLNT has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Jefferies Financial Group set a $133.00 price objective on shares of Planet Fitness in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Wells Fargo & Company decreased their price objective on shares of Planet Fitness from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Planet Fitness from $85.00 to $55.00 and set an “outperform” rating for the company in a research 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.