Planet Fitness (NYSE:PLNT) COO William Bode Sells 7,000 Shares of Stock

Planet Fitness, Inc. (NYSE:PLNT) COO William Bode sold 7,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $51.22, for a total value of $358,540.00. Following the sale, the chief operating officer owned 32,939 shares in the company, valued at approximately $1,687,135.58. This trade represents a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Planet Fitness Price Performance

Shares of NYSE PLNT opened at $50.05 on Thursday. The company has a 50 day simple moving average of $52.33 and a 200 day simple moving average of $59.04. The firm has a market cap of $3.78 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.26.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $365.22 million for the quarter, compared to analyst estimates of $356.21 million. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. As a group, research analysts anticipate that Planet Fitness, Inc. will post 3.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “buy” rating on shares of Planet Fitness in a research note on Monday, July 20th. Roth Capital cut their price objective on Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Raymond James Financial reiterated a “strong-buy” rating and issued a $62.00 target price on shares of Planet Fitness in a report on Friday, August 7th. Zacks Research raised shares of Planet Fitness from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, TD Cowen reissued a “hold” rating on shares of Planet Fitness in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

Institutional Trading of Planet Fitness

A number of institutional investors have recently bought and sold shares of PLNT. Tidal Investments LLC lifted its stake in shares of Planet Fitness by 19.6% in the 2nd quarter. Tidal Investments LLC now owns 60,136 shares of the company’s stock valued at $3,137,000 after purchasing an additional 9,848 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Planet Fitness during the 2nd quarter valued at about $590,000. Engineers Gate Manager LP acquired a new stake in Planet Fitness during the second quarter worth approximately $1,859,000. Allworth Financial LP grew its stake in Planet Fitness by 15.5% during the second quarter. Allworth Financial LP now owns 1,699 shares of the company’s stock worth $89,000 after purchasing an additional 228 shares during the period. Finally, Nykredit A S bought a new stake in Planet Fitness in the second quarter worth approximately $196,000. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Company Profile

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. Its clubs provide access to cardiovascular and strength-training equipment, free weights, locker rooms, and other basic fitness amenities in a low-cost, welcoming environment designed to appeal to a broad range of consumers.

The company is known for its “Judgement Free Zone” concept, which emphasizes an approachable atmosphere for first-time, casual, and experienced gym users.