Aberdeen Group plc Purchases Shares of 98,533 Planet Fitness, Inc. $PLNT

Aberdeen Group plc acquired a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 98,533 shares of the company’s stock, valued at approximately $10,688,000. Aberdeen Group plc owned approximately 0.12% of Planet Fitness as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Junto Capital Management LP bought a new position in Planet Fitness in the 3rd quarter valued at $73,603,000. Ninety One UK Ltd lifted its position in Planet Fitness by 20.0% during the 3rd quarter. Ninety One UK Ltd now owns 3,461,543 shares of the company’s stock worth $359,308,000 after buying an additional 577,637 shares in the last quarter. Squarepoint Ops LLC lifted its position in Planet Fitness by 152.8% during the 2nd quarter. Squarepoint Ops LLC now owns 851,866 shares of the company’s stock worth $92,896,000 after buying an additional 514,876 shares in the last quarter. Freestone Grove Partners LP lifted its position in Planet Fitness by 149.2% during the 3rd quarter. Freestone Grove Partners LP now owns 527,634 shares of the company’s stock worth $54,768,000 after buying an additional 315,941 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Planet Fitness during the 3rd quarter worth about $28,515,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler cut shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a research note on Friday, February 27th. Zacks Research cut Planet Fitness from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. UBS Group reissued a “buy” rating on shares of Planet Fitness in a research note on Wednesday, March 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. Finally, Guggenheim raised Planet Fitness to a “strong-buy” rating in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.46.

Planet Fitness Trading Up 0.9%

Planet Fitness stock opened at $74.17 on Wednesday. The firm has a market capitalization of $5.93 billion, a P/E ratio of 28.31, a PEG ratio of 1.27 and a beta of 1.31. Planet Fitness, Inc. has a 1 year low of $70.32 and a 1 year high of $114.47. The business has a 50-day moving average of $82.30 and a 200-day moving average of $95.48.

Planet Fitness (NYSE:PLNT) last issued its 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. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The firm had revenue of $376.26 million during the quarter, compared to the consensus estimate of $366.48 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Research analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS 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.