American Century Companies Inc. Trims Stock Position in Planet Fitness, Inc. $PLNT

American Century Companies Inc. lessened its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 71.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 242,886 shares of the company’s stock after selling 615,324 shares during the period. American Century Companies Inc. owned about 0.29% of Planet Fitness worth $25,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Planet Fitness by 184.5% during the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after buying an additional 214 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Planet Fitness by 51.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after acquiring an additional 138 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Planet Fitness by 6,950.0% during 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 during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Planet Fitness during the 3rd quarter valued at $44,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Planet Fitness by 131.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock valued at $47,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

PLNT has been the topic of a number of recent research reports. 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 report on Wednesday, February 25th. Morgan Stanley cut their price target on Planet Fitness from $128.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Planet Fitness in a research report on Monday, December 29th. Stifel Nicolaus set a $105.00 price objective on Planet Fitness in a research note on Tuesday, February 24th. Finally, Macquarie Infrastructure lowered 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.58.

Planet Fitness Price Performance

Shares of PLNT stock opened at $78.60 on Monday. Planet Fitness, Inc. has a one year low of $77.00 and a one year high of $114.47. The company’s fifty day moving average price is $94.21 and its 200-day moving average price is $99.90. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.37 and a beta of 1.25.

Planet Fitness (NYSE:PLNT) last issued its earnings results 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 the consensus estimate of $366.48 million. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. Planet Fitness’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Equities research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Planet Fitness Company 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.