4,670 Shares in Planet Fitness, Inc. $PLNT Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,670 shares of the company’s stock, valued at approximately $485,000.

Several other large investors have also recently bought and sold shares of PLNT. Game Plan Financial Advisors LLC bought a new stake in shares of Planet Fitness during the second quarter worth approximately $25,000. Hantz Financial Services Inc. increased its stake in shares of Planet Fitness by 964.0% during the second quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock worth $29,000 after purchasing an additional 241 shares during the period. Brooklyn Investment Group lifted its holdings in Planet Fitness by 57.8% during the 1st quarter. Brooklyn Investment Group now owns 322 shares of the company’s stock worth $31,000 after purchasing an additional 118 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Planet Fitness in the 2nd quarter valued at $53,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLNT has been the topic of several recent research reports. Macquarie increased their price objective on Planet Fitness from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Canaccord Genuity Group boosted their target price on shares of Planet Fitness from $130.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Jefferies Financial Group restated a “buy” rating on shares of Planet Fitness in a research note on Wednesday, September 24th. JPMorgan Chase & Co. raised their price target on shares of Planet Fitness from $108.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, UBS Group started coverage on shares of Planet Fitness in a research note on Friday, October 17th. They issued a “buy” rating and a $125.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.92.

Planet Fitness Stock Down 0.0%

PLNT stock opened at $109.97 on Friday. The company’s 50-day moving average price is $102.56 and its two-hundred day moving average price is $104.53. The firm has a market cap of $9.16 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.46 and a beta of 1.28. Planet Fitness, Inc. has a 12 month low of $87.72 and a 12 month high of $114.47.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The company 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 firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. Equities analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Planet Fitness 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.