Planet Fitness (NYSE:PLNT) Director Christopher Tanco Purchases 2,328 Shares

Planet Fitness, Inc. (NYSE:PLNT) Director Christopher Tanco bought 2,328 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average cost of $51.23 per share, with a total value of $119,263.44. Following the completion of the purchase, the director directly owned 2,328 shares of the company’s stock, valued at $119,263.44. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Planet Fitness Stock Down 1.5%

PLNT opened at $50.05 on Thursday. The firm has a 50-day simple moving average of $52.33 and a two-hundred day simple moving average of $59.04. Planet Fitness, Inc. has a 52 week low of $37.03 and a 52 week high of $114.26. The company has a market capitalization of $3.78 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01.

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

Institutional Investors Weigh In On Planet Fitness

Several institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in Planet Fitness by 1.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,236,173 shares of the company’s stock worth $1,001,848,000 after purchasing an additional 149,503 shares during the period. Geode Capital Management LLC grew its stake in shares of Planet Fitness by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,658,435 shares of the company’s stock valued at $179,924,000 after buying an additional 26,575 shares during the last quarter. Norges Bank purchased a new stake in shares of Planet Fitness in the fourth quarter worth approximately $108,796,000. Dimensional Fund Advisors LP raised its holdings in shares of Planet Fitness by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,238,129 shares of the company’s stock worth $92,091,000 after buying an additional 21,914 shares during the period. Finally, Van Berkom & Associates Inc. lifted its stake in shares of Planet Fitness by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock worth $73,697,000 after acquiring an additional 172,586 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLNT. Roth Capital lowered their target price on Planet Fitness from $109.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Morgan Stanley upped their price target on shares of Planet Fitness from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada dropped their price objective on shares of Planet Fitness from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Wells Fargo & Company restated an “overweight” rating on shares of Planet Fitness in a report on Monday, July 20th. Finally, UBS Group reiterated a “buy” rating on shares of Planet Fitness in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

Planet Fitness Company Profile

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. Its clubs provide access to cardiovascular and strength-training equipment, free weights, locker rooms, and other basic fitness amenities in a low-cost, welcoming environment designed to appeal to a broad range of consumers.

The company is known for its “Judgement Free Zone” concept, which emphasizes an approachable atmosphere for first-time, casual, and experienced gym users.