Planet Fitness, Inc. $PLNT Position Boosted by Lbp Am Sa

Lbp Am Sa lifted its stake in Planet Fitness, Inc. (NYSE:PLNT) by 69.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,646 shares of the company’s stock after purchasing an additional 8,838 shares during the quarter. Lbp Am Sa’s holdings in Planet Fitness were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PLNT. Norges Bank acquired a new position in Planet Fitness in the 2nd quarter valued at approximately $116,175,000. Ninety One UK Ltd grew its holdings in shares of Planet Fitness by 35.7% during the 2nd quarter. Ninety One UK Ltd now owns 2,883,906 shares of the company’s stock valued at $314,490,000 after acquiring an additional 759,227 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Planet Fitness by 152.8% in the second quarter. Squarepoint Ops LLC now owns 851,866 shares of the company’s stock worth $92,896,000 after acquiring an additional 514,876 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of Planet Fitness in the second quarter worth $41,428,000. Finally, Invesco Ltd. raised its holdings in shares of Planet Fitness by 15.0% during the second quarter. Invesco Ltd. now owns 2,543,501 shares of the company’s stock worth $277,369,000 after acquiring an additional 332,362 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLNT has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their target price on shares of Planet Fitness from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. William Blair restated an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. UBS Group reaffirmed a “buy” rating on shares of Planet Fitness in a report on Friday, January 9th. Finally, Morgan Stanley raised their price objective on Planet Fitness from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $123.18.

Planet Fitness Stock Down 0.7%

NYSE PLNT opened at $92.64 on Wednesday. Planet Fitness, Inc. has a twelve month low of $87.72 and a twelve month high of $114.47. The stock has a market cap of $7.72 billion, a P/E ratio of 37.81, a PEG ratio of 1.57 and a beta of 1.27. The company’s 50-day simple moving average is $106.12 and its 200 day simple moving average is $104.02.

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

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.