3,262 Shares in Planet Fitness, Inc. $PLNT Acquired by Inceptionr LLC

Inceptionr LLC bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,262 shares of the company’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of Planet Fitness by 6.4% during the first quarter. Cetera Investment Advisers now owns 39,389 shares of the company’s stock valued at $3,805,000 after acquiring an additional 2,357 shares in the last quarter. Assetmark Inc. raised its holdings in Planet Fitness by 102,616.7% in the 1st quarter. Assetmark Inc. now owns 12,326 shares of the company’s stock worth $1,191,000 after purchasing an additional 12,314 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Planet Fitness by 2.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,754 shares of the company’s stock valued at $2,102,000 after acquiring an additional 607 shares during the period. LPL Financial LLC raised its position in shares of Planet Fitness by 13.9% during the 1st quarter. LPL Financial LLC now owns 50,890 shares of the company’s stock worth $4,810,000 after purchasing an additional 6,228 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Planet Fitness by 92.5% during the first quarter. Natixis Advisors LLC now owns 27,799 shares of the company’s stock worth $2,686,000 after purchasing an additional 13,361 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 0.1%

Shares of NYSE PLNT opened at $111.97 on Friday. The stock has a market cap of $9.33 billion, a P/E ratio of 45.70, a P/E/G ratio of 2.50 and a beta of 1.37. Planet Fitness, Inc. has a twelve month low of $87.72 and a twelve month high of $114.47. The stock has a 50 day moving average of $100.24 and a two-hundred day moving average of $103.83.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. Planet Fitness had a net margin of 15.97% and a negative return on equity of 126.58%. The firm had revenue of $330.35 million during the quarter, compared to the consensus estimate of $323.95 million. During the same quarter in the prior year, the firm earned $0.64 EPS. Planet Fitness’s revenue for the quarter was up 13.0% on a year-over-year basis. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. As a group, research analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada increased their price target on Planet Fitness from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Cowen reiterated a “buy” rating on shares of Planet Fitness in a report on Friday, November 14th. Macquarie increased their target price on shares of Planet Fitness from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Planet Fitness in a research report on Tuesday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Planet Fitness in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.23.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.