AustralianSuper Pty Ltd Has $43.80 Million Stock Position in Planet Fitness, Inc. $PLNT

AustralianSuper Pty Ltd lifted its position in Planet Fitness, Inc. (NYSE:PLNT) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,001 shares of the company’s stock after purchasing an additional 42,103 shares during the quarter. AustralianSuper Pty Ltd owned 0.50% of Planet Fitness worth $43,804,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PLNT. Hantz Financial Services Inc. lifted its stake in 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. EverSource Wealth Advisors LLC raised its stake in shares of Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Planet Fitness by 6,950.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $44,000 after acquiring an additional 417 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Planet Fitness in the 3rd quarter worth approximately $44,000. Finally, Smartleaf Asset Management LLC grew its position in Planet Fitness by 131.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after acquiring an additional 253 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Trading Up 1.3%

NYSE:PLNT opened at $82.92 on Wednesday. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.42 and a beta of 1.25. Planet Fitness, Inc. has a 1-year low of $79.18 and a 1-year high of $114.47. The business’s 50-day moving average price is $95.98 and its two-hundred day moving average price is $100.48.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The business had revenue of $376.26 million for the quarter, compared to the consensus estimate of $366.48 million. During the same period last year, the company posted $0.70 EPS. Planet Fitness’s revenue for the quarter was up 10.5% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Sell-side analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PLNT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Stifel Nicolaus set a $105.00 price objective on Planet Fitness in a report on Tuesday, February 24th. Macquarie Infrastructure decreased their price objective on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Planet Fitness from $115.00 to $98.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.58.

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.