Allspring Global Investments Holdings LLC Cuts Position in Planet Fitness, Inc. $PLNT

Allspring Global Investments Holdings LLC decreased its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,357 shares of the company’s stock after selling 21,882 shares during the period. Allspring Global Investments Holdings LLC owned 0.15% of Planet Fitness worth $13,755,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 214 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Planet Fitness by 51.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after purchasing an additional 138 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Planet Fitness by 6,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $44,000 after buying an additional 417 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Planet Fitness in the third quarter worth about $44,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Planet Fitness by 131.8% in the third quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after buying an additional 253 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Stock Performance

Shares of NYSE:PLNT opened at $73.24 on Friday. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.27 and a beta of 1.31. The stock’s 50-day simple moving average is $83.06 and its two-hundred day simple moving average is $95.87. Planet Fitness, Inc. has a 52-week low of $70.32 and a 52-week high of $114.47.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. The firm had revenue of $376.26 million during 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 business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. As a group, equities analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PLNT shares. Guggenheim upgraded shares of Planet Fitness to a “strong-buy” rating in a report on Wednesday, December 10th. Zacks Research downgraded Planet Fitness from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 target price on shares of Planet Fitness in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, KeyCorp began coverage on shares of Planet Fitness in a research note on Thursday, March 12th. They set an “overweight” rating and a $100.00 target price on the stock. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.46.

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.