AEGON ASSET MANAGEMENT UK Plc Sells 15,648 Shares of Planet Fitness, Inc. $PLNT

AEGON ASSET MANAGEMENT UK Plc decreased its stake in Planet Fitness, Inc. (NYSE:PLNT) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,256 shares of the company’s stock after selling 15,648 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.15% of Planet Fitness worth $13,214,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Planet Fitness by 1.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock valued at $134,201,000 after purchasing an additional 24,981 shares during the period. Empowered Funds LLC acquired a new position in shares of Planet Fitness during the first quarter valued at about $1,891,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Planet Fitness by 23.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,816 shares of the company’s stock valued at $411,000 after buying an additional 721 shares during the period. Farther Finance Advisors LLC grew its position in Planet Fitness by 48.7% during the second quarter. Farther Finance Advisors LLC now owns 773 shares of the company’s stock worth $84,000 after buying an additional 253 shares in the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new stake in Planet Fitness during the second quarter worth about $222,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on PLNT. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Planet Fitness in a report on Tuesday, December 9th. JPMorgan Chase & Co. upped their target price on Planet Fitness from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Stifel Nicolaus raised their target price on Planet Fitness from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Canaccord Genuity Group lifted their price target on shares of Planet Fitness from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Planet Fitness from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $123.18.

Planet Fitness Stock Performance

PLNT opened at $94.34 on Monday. The firm’s 50-day simple moving average is $106.52 and its 200-day simple moving average is $104.26. Planet Fitness, Inc. has a twelve month low of $87.72 and a twelve month high of $114.47. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 1.59 and a beta of 1.27.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. The firm 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 period last year, the firm posted $0.64 EPS. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. As a group, sell-side analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

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.