Planet Fitness, Inc. $PLNT Shares Sold by Axa S.A.

Axa S.A. trimmed its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471,869 shares of the company’s stock after selling 39,195 shares during the quarter. Axa S.A. owned 0.56% of Planet Fitness worth $51,457,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PLNT. LPL Financial LLC lifted its holdings in shares of Planet Fitness by 13.9% in the 1st quarter. LPL Financial LLC now owns 50,890 shares of the company’s stock valued at $4,810,000 after buying an additional 6,228 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Planet Fitness by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,235 shares of the company’s stock valued at $313,000 after acquiring an additional 126 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Planet Fitness during the 1st quarter worth $65,000. Vanguard Group Inc. grew its stake in shares of Planet Fitness by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,098,481 shares of the company’s stock worth $782,394,000 after purchasing an additional 62,716 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Planet Fitness by 30.5% during the 1st quarter. Deutsche Bank AG now owns 255,757 shares of the company’s stock worth $24,709,000 after purchasing an additional 59,778 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Trading Down 1.2%

NYSE:PLNT opened at $107.84 on Wednesday. Planet Fitness, Inc. has a 12-month low of $87.72 and a 12-month high of $114.47. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. The company’s 50-day moving average is $101.10 and its two-hundred day moving average is $104.26.

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

Analysts Set New Price Targets

PLNT has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $135.00 price objective on shares of Planet Fitness in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Planet Fitness from $108.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Canaccord Genuity Group upped their price target on Planet Fitness from $130.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Planet Fitness in a report on Monday, December 1st. Finally, Macquarie boosted their target price on Planet Fitness from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.92.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.