Dimensional Fund Advisors LP Reduces Position in Planet Fitness, Inc. $PLNT

Dimensional Fund Advisors LP lowered its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,205,707 shares of the company’s stock after selling 17,591 shares during the quarter. Dimensional Fund Advisors LP owned about 1.43% of Planet Fitness worth $125,158,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 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 worth $36,000 after purchasing an additional 214 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Planet Fitness by 51.9% during the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after purchasing an additional 138 shares during the period. SJS Investment Consulting Inc. boosted its position in Planet Fitness by 6,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $44,000 after buying an additional 417 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Planet Fitness in the 3rd quarter worth approximately $44,000. Finally, Smartleaf Asset Management LLC increased its holdings in Planet Fitness by 131.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 2.1%

Shares of NYSE PLNT opened at $77.91 on Thursday. The stock has a market cap of $6.23 billion, a PE ratio of 29.74, a P/E/G ratio of 1.33 and a beta of 1.25. Planet Fitness, Inc. has a 12-month low of $73.29 and a 12-month high of $114.47. The company has a 50-day moving average of $92.30 and a 200 day moving average of $99.32.

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

Analyst Ratings Changes

PLNT has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 price objective on shares of Planet Fitness in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Planet Fitness in a research report on Monday, December 29th. Canaccord Genuity Group upped their target price on Planet Fitness from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their target price on Planet Fitness from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.23.

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.