Planet Fitness, Inc. $PLNT is 2Xideas AG’s 10th Largest Position

2Xideas AG lessened its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,256 shares of the company’s stock after selling 16,638 shares during the period. Planet Fitness comprises approximately 2.1% of 2Xideas AG’s portfolio, making the stock its 10th biggest position. 2Xideas AG owned about 0.11% of Planet Fitness worth $9,991,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Planet Fitness by 184.5% in the 2nd 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 period. Hantz Financial Services Inc. raised 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 acquiring an additional 138 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Planet Fitness by 6,950.0% during the third quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $44,000 after purchasing an additional 417 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Planet Fitness in the third quarter valued at about $44,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Planet Fitness by 131.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock valued at $47,000 after buying an additional 253 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness News Roundup

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: Jefferies reiterated a Buy and kept an aggressive $175 price target, calling the interim CFO appointment a stabilizing move; that bullish stance signals large upside versus current levels. Jefferies Maintains a Buy Rating on Planet Fitness, Inc. (PLNT) with a $175 Price Target
• Positive Sentiment: KeyBanc (KeyCorp) initiated coverage with an Overweight/“overweight”/“strong-buy” stance and a $100 price target (roughly mid/high double-digit upside), adding another institutional buy-side endorsement. KeyBanc initiates coverage of Planet Fitness (PLNT) with overweight recommendation
• Positive Sentiment: Wells Fargo also initiated coverage with an Overweight recommendation, adding to the recent wave of analyst support and potential demand from institutional buyers. Wells Fargo & Company Initiates Coverage on Planet Fitness (NYSE:PLNT)
• Positive Sentiment: Multiple analyst roundups (TipRanks/Globe and Mail coverage) highlight bullish sentiment on consumer-cyclical names including PLNT, reinforcing the analyst momentum behind the stock. Analysts Offer Insights on Consumer Cyclical Companies: Planet Fitness (PLNT)
• Neutral Sentiment: The company’s interim CFO appointment has drawn analyst attention to Planet Fitness’s valuation and balance sheet — a watchpoint that could slow upside until clarity on debt strategy and financial cadence emerges. Planet Fitness Interim CFO Shift Puts Valuation And Debt In Focus
• Negative Sentiment: Pomerantz LLP launched an investor investigation into Planet Fitness, which introduces litigation risk and may pressure the stock until details and potential exposures are clarified. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Planet Fitness, Inc. – PLNT

Planet Fitness Stock Performance

Shares of PLNT stock opened at $73.63 on Friday. The firm has a fifty day moving average of $90.91 and a 200-day moving average of $98.93. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.30 and a beta of 1.25. Planet Fitness, Inc. has a 52-week low of $73.29 and a 52-week high of $114.47.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. The business had revenue of $376.26 million for 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 firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. On average, sell-side analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PLNT shares. Guggenheim upgraded shares of Planet Fitness to a “strong-buy” rating in a research note on Wednesday, December 10th. Wells Fargo & Company started coverage on shares of Planet Fitness in a research note on Wednesday. They set an “overweight” rating and a $90.00 price target on the stock. Royal Bank Of Canada reduced their price objective on shares of Planet Fitness from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Stifel Nicolaus set a $105.00 target price on shares of Planet Fitness in a research report on Tuesday, February 24th. 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 report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.93.

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.