Leeward Investments LLC MA Makes New $10.56 Million Investment in Planet Fitness, Inc. $PLNT

Leeward Investments LLC MA acquired a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 250,074 shares of the company’s stock, valued at approximately $10,558,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI bought a new stake in shares of Planet Fitness during the 3rd quarter valued at about $547,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Planet Fitness during the third quarter valued at about $393,000. MBL Wealth LLC bought a new position in Planet Fitness in the third quarter worth about $376,000. T3 Companies LLC bought a new position in Planet Fitness in the third quarter worth about $694,000. Finally, Root Financial Partners LLC bought a new position in Planet Fitness in the third quarter worth about $36,000. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, Director Stephen Spinelli, Jr. bought 10,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $49.28 per share, with a total value of $492,800.00. Following the completion of the purchase, the director owned 45,516 shares of the company’s stock, valued at approximately $2,243,028.48. This trade represents a 28.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Tanco bought 2,328 shares of the stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $51.23 per share, with a total value of $119,263.44. Following the completion of the acquisition, the director directly owned 2,328 shares of the company’s stock, valued at approximately $119,263.44. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.90% of the company’s stock.

Planet Fitness Price Performance

Shares of Planet Fitness stock opened at $52.49 on Monday. The company has a 50-day moving average of $48.72 and a 200 day moving average of $53.33. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.13 and a beta of 1.05. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.26.

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

Analysts Set New Price Targets

PLNT has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Planet Fitness from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, October 5th. Cantor Fitzgerald set a $62.00 target price on Planet Fitness in a research report on Thursday, July 9th. Wells Fargo & Company restated an “overweight” rating on shares of Planet Fitness in a research note on Monday, July 20th. Zacks Research upgraded Planet Fitness from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Planet Fitness in a research report on Monday, September 14th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus target price of $69.34.

Planet Fitness Profile

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. The company follows a “high-value, low-price” model designed to make gym memberships accessible to a broad range of consumers. Its clubs offer cardiovascular and strength-training equipment, group and individual exercise areas, and a welcoming environment known as the “Judgement Free Zone.”

Planet Fitness generates revenue primarily through membership dues, franchise royalties and fees, and sales of merchandise and other services.