Planet Fitness, Inc. $PLNT Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its position in Planet Fitness, Inc. (NYSE:PLNT) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,459,295 shares of the company’s stock after selling 134,612 shares during the period. William Blair Investment Management LLC’s holdings in Planet Fitness were worth $158,290,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in Planet Fitness by 101.0% in the 3rd quarter. Citigroup Inc. now owns 29,461 shares of the company’s stock worth $3,058,000 after buying an additional 14,805 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Planet Fitness by 21.0% in the 3rd quarter. Federated Hermes Inc. now owns 753,079 shares of the company’s stock worth $78,170,000 after buying an additional 130,687 shares during the last quarter. Pelham Capital Ltd. acquired a new stake in Planet Fitness in the 3rd quarter worth about $12,841,000. Burney Co. acquired a new stake in Planet Fitness in the 4th quarter worth about $2,221,000. Finally, Impax Asset Management Group plc boosted its holdings in Planet Fitness by 22.0% in the 3rd quarter. Impax Asset Management Group plc now owns 194,271 shares of the company’s stock worth $20,165,000 after buying an additional 35,000 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Canaccord Genuity Group set a $80.00 target price on shares of Planet Fitness in a research note on Friday, May 8th. Jefferies Financial Group set a $133.00 target price on Planet Fitness in a research note on Thursday, May 7th. Stifel Nicolaus cut their target price on 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 downgraded Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 target price for the company. in a research note on Friday, May 8th. Finally, KeyCorp cut their target price on Planet Fitness from $100.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Planet Fitness currently has an average rating of “Moderate Buy” and an average price target of $77.81.

Planet Fitness Stock Performance

PLNT opened at $52.11 on Friday. Planet Fitness, Inc. has a one year low of $37.03 and a one year high of $114.47. The stock has a market capitalization of $4.14 billion, a PE ratio of 18.81, a P/E/G ratio of 1.13 and a beta of 1.12. The business’s 50 day moving average price is $66.67 and its 200 day moving average price is $87.83.

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

Insider Transactions at Planet Fitness

In other news, Director Frances G. Rathke bought 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $231,050. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Planet Fitness 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.