AEGON ASSET MANAGEMENT UK Plc Has $14.71 Million Stock Position in Planet Fitness, Inc. $PLNT

AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,589 shares of the company’s stock after purchasing an additional 8,333 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.16% of Planet Fitness worth $14,706,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLNT. Junto Capital Management LP acquired a new position in shares of Planet Fitness during the 3rd quarter worth approximately $73,603,000. Ninety One UK Ltd increased its holdings in shares of Planet Fitness by 20.0% during the 3rd quarter. Ninety One UK Ltd now owns 3,461,543 shares of the company’s stock worth $359,308,000 after acquiring an additional 577,637 shares during the last quarter. Freestone Grove Partners LP increased its holdings in shares of Planet Fitness by 149.2% during the 3rd quarter. Freestone Grove Partners LP now owns 527,634 shares of the company’s stock worth $54,768,000 after acquiring an additional 315,941 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Planet Fitness during the 3rd quarter worth approximately $28,515,000. Finally, Mane Global Capital Management LP acquired a new position in shares of Planet Fitness during the 3rd quarter worth approximately $20,760,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Trading Up 0.8%

Planet Fitness stock opened at $69.64 on Friday. The stock has a 50-day moving average price of $77.18 and a two-hundred day moving average price of $92.77. Planet Fitness, Inc. has a 12 month low of $67.82 and a 12 month high of $114.47. The company has a market capitalization of $5.57 billion, a PE ratio of 26.58, a P/E/G ratio of 1.20 and a beta of 1.31.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Planet Fitness had a negative return on equity of 97.97% and a net margin of 16.55%.The company had revenue of $376.26 million during the quarter, compared to the consensus estimate of $366.48 million. During the same period last year, the company earned $0.70 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. As a group, analysts predict that Planet Fitness, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PLNT shares. Jefferies Financial Group restated a “buy” rating and issued a $175.00 price target on shares of Planet Fitness in a research note on Tuesday, February 24th. Wells Fargo & Company started coverage on Planet Fitness in a research note on Wednesday, March 11th. They issued an “overweight” rating and a $90.00 price target for the company. Piper Sandler downgraded Planet Fitness from an “overweight” rating to a “neutral” rating in a research note on Friday, February 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Planet Fitness from $115.00 to $98.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Planet Fitness presently has a consensus rating of “Moderate Buy” and an average price target of $114.92.

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.