CIBC Bancorp USA Inc. Takes Position in Planet Fitness, Inc. $PLNT

CIBC Bancorp USA Inc. bought a new position in Planet Fitness, Inc. (NYSE:PLNT) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 274,707 shares of the company’s stock, valued at approximately $28,515,000. CIBC Bancorp USA Inc. owned 0.33% of Planet Fitness as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew 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 purchasing an additional 214 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Planet Fitness by 51.9% in the third quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after buying an additional 138 shares during the period. SJS Investment Consulting Inc. lifted its position 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 valued at $44,000 after buying an additional 417 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Planet Fitness during the 3rd quarter valued at about $44,000. Finally, Smartleaf Asset Management LLC grew its stake 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. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Trading Up 0.8%

NYSE:PLNT opened at $74.61 on Thursday. The stock has a 50-day moving average price of $89.08 and a 200 day moving average price of $98.23. The stock has a market capitalization of $5.97 billion, a P/E ratio of 28.48, a P/E/G ratio of 1.29 and a beta of 1.25. Planet Fitness, Inc. has a 12-month low of $73.01 and a 12-month high of $114.47.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 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 for the quarter, compared to analysts’ expectations of $366.48 million. During the same period in the previous year, the firm earned $0.70 EPS. 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. On average, research analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Guggenheim raised shares of Planet Fitness to a “strong-buy” rating in a report on Wednesday, December 10th. William Blair reaffirmed an “outperform” rating on shares of Planet Fitness in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Planet Fitness from $115.00 to $98.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $175.00 price objective on shares of Planet Fitness in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.