Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in Planet Fitness, Inc. $PLNT

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 21.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,454 shares of the company’s stock after selling 10,095 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Planet Fitness were worth $3,784,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PLNT. Game Plan Financial Advisors LLC bought a new stake in shares of Planet Fitness in the 2nd quarter worth $25,000. Hantz Financial Services Inc. boosted its holdings in Planet Fitness by 964.0% during the second quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock worth $29,000 after purchasing an additional 241 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Planet Fitness by 184.5% during the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Planet Fitness by 6,950.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $44,000 after purchasing an additional 417 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Planet Fitness in the 2nd quarter valued at about $53,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PLNT. William Blair restated an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. Morgan Stanley lifted their price target on Planet Fitness from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. UBS Group reissued a “buy” rating on shares of Planet Fitness in a research report on Friday, January 9th. JPMorgan Chase & Co. raised their target price on Planet Fitness from $108.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Canaccord Genuity Group lifted their target price on Planet Fitness from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $123.18.

Planet Fitness Stock Performance

PLNT stock opened at $92.64 on Wednesday. The stock has a fifty day moving average of $106.12 and a 200-day moving average of $104.02. Planet Fitness, Inc. has a fifty-two week low of $87.72 and a fifty-two week high of $114.47. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 1.57 and a beta of 1.27.

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

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.