BW Gestao de Investimentos Ltda. Has $11.94 Million Holdings in Planet Fitness, Inc. $PLNT

BW Gestao de Investimentos Ltda. increased its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 35.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,061 shares of the company’s stock after purchasing an additional 30,000 shares during the period. BW Gestao de Investimentos Ltda. owned approximately 0.14% of Planet Fitness worth $11,943,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Planet Fitness during the 2nd quarter worth about $116,175,000. Ninety One UK Ltd raised its stake in shares of Planet Fitness by 20.0% in the 3rd quarter. Ninety One UK Ltd now owns 3,461,543 shares of the company’s stock valued at $359,308,000 after acquiring an additional 577,637 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Planet Fitness by 152.8% in the 2nd quarter. Squarepoint Ops LLC now owns 851,866 shares of the company’s stock worth $92,896,000 after purchasing an additional 514,876 shares during the last quarter. Invesco Ltd. boosted its position in Planet Fitness by 15.0% during the second quarter. Invesco Ltd. now owns 2,543,501 shares of the company’s stock worth $277,369,000 after purchasing an additional 332,362 shares during the period. Finally, Marshall Wace LLP bought a new stake in Planet Fitness during the second quarter worth approximately $31,110,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLNT has been the subject of a number of analyst reports. Stifel Nicolaus set a $105.00 price objective on shares of Planet Fitness in a research note on Tuesday, February 24th. Royal Bank Of Canada dropped their target price on shares of Planet Fitness from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. TD Cowen reaffirmed a “buy” rating on shares of Planet Fitness in a research report on Wednesday, January 14th. JPMorgan Chase & Co. cut their price objective on Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Piper Sandler lowered Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Planet Fitness presently has an average rating of “Moderate Buy” and an average target price of $120.58.

Planet Fitness Stock Down 1.1%

Shares of PLNT stock opened at $77.82 on Tuesday. The company has a market capitalization of $6.23 billion, a P/E ratio of 29.70, a P/E/G ratio of 1.37 and a beta of 1.25. Planet Fitness, Inc. has a 12-month low of $75.34 and a 12-month high of $114.47. The firm has a 50-day moving average price of $93.57 and a 200 day moving average price of $99.69.

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

About Planet Fitness

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.