Blair William & Co. IL Has $10.56 Million Position in Planet Fitness, Inc. $PLNT

Blair William & Co. IL lowered its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 35.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,756 shares of the company’s stock after selling 56,135 shares during the quarter. Blair William & Co. IL owned about 0.12% of Planet Fitness worth $10,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted 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 buying an additional 214 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Planet Fitness by 51.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after buying an additional 138 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in 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 during the period. Atlantic Union Bankshares Corp bought a new position in Planet Fitness in the 3rd quarter worth $44,000. Finally, Smartleaf Asset Management LLC lifted 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 Down 1.1%

PLNT opened at $77.82 on Tuesday. The stock’s 50 day simple moving average is $93.57 and its 200-day simple moving average is $99.69. The stock has a market cap of $6.23 billion, a PE ratio of 29.70, a P/E/G ratio of 1.37 and a beta of 1.25. Planet Fitness, Inc. has a 1 year low of $75.34 and a 1 year high of $114.47.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLNT. William Blair restated an “outperform” rating on shares of Planet Fitness in a report on Tuesday, January 13th. Zacks Research cut Planet Fitness from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Piper Sandler downgraded Planet Fitness from an “overweight” rating to a “neutral” rating in a research note on Friday, February 27th. Canaccord Genuity Group raised their target price on Planet Fitness from $139.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Morgan Stanley dropped their price target on Planet Fitness from $128.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.58.

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.