Planet Fitness, Inc. $PLNT Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 99.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,202 shares of the company’s stock after selling 561,388 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Planet Fitness were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PLNT. Junto Capital Management LP acquired a new stake in Planet Fitness in the 3rd quarter valued at $73,603,000. Freestone Grove Partners LP boosted its stake in Planet Fitness by 149.2% during the 3rd quarter. Freestone Grove Partners LP now owns 527,634 shares of the company’s stock worth $54,768,000 after purchasing an additional 315,941 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Planet Fitness during the 3rd quarter worth $28,515,000. Mane Global Capital Management LP purchased a new position in shares of Planet Fitness during the 3rd quarter worth $20,760,000. Finally, Sea Cliff Partners Management LP raised its holdings in shares of Planet Fitness by 385.6% during the 2nd quarter. Sea Cliff Partners Management LP now owns 185,782 shares of the company’s stock worth $20,260,000 after acquiring an additional 147,527 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLNT. Bank of America restated a “neutral” rating and issued a $59.00 price objective (down from $110.00) on shares of Planet Fitness in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Planet Fitness from $98.00 to $61.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Stifel Nicolaus lowered their target price on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Morgan Stanley lowered Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 target price on the stock. in a research report on Friday, May 8th. Finally, Guggenheim cut their target price on Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.81.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $46.21 per share, for a total transaction of $231,050.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $231,050. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Planet Fitness Trading Down 2.7%

Shares of PLNT stock opened at $50.26 on Thursday. The business’s 50 day moving average is $67.70 and its two-hundred day moving average is $88.37. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.47. The company has a market capitalization of $3.99 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12.

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