Bessemer Group Inc. Acquires 43,040 Shares of Planet Fitness, Inc. $PLNT

Bessemer Group Inc. boosted its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,034 shares of the company’s stock after acquiring an additional 43,040 shares during the period. Bessemer Group Inc. owned about 0.46% of Planet Fitness worth $41,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLNT. Goldman Sachs Group Inc. grew its holdings in Planet Fitness by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after acquiring an additional 24,981 shares in the last quarter. Empowered Funds LLC bought a new position in Planet Fitness during the 1st quarter worth about $1,891,000. EverSource Wealth Advisors LLC grew its holdings in Planet Fitness by 184.5% during the 2nd 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. First Trust Advisors LP grew its holdings in Planet Fitness by 25.8% during the 2nd quarter. First Trust Advisors LP now owns 142,689 shares of the company’s stock worth $15,560,000 after acquiring an additional 29,305 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Planet Fitness during the 2nd quarter worth about $267,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLNT has been the topic of several recent research reports. William Blair cut shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating on the stock in a report on Friday, May 8th. KGI Securities cut shares of Planet Fitness to a “neutral” rating and set a $50.50 price target on the stock. in a report on Friday, May 8th. Piper Sandler cut shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday, February 27th. Finally, UBS Group lowered their price target on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Planet Fitness currently has an average rating of “Moderate Buy” and a consensus price target of $78.62.

Planet Fitness Stock Performance

NYSE:PLNT opened at $52.61 on Friday. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.47. The stock has a market capitalization of $4.18 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.12 and a beta of 1.12. The company’s 50-day simple moving average is $69.31 and its 200-day simple moving average is $89.26.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. The firm had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. Planet Fitness’s revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. On average, research analysts forecast that Planet Fitness, Inc. will post 3.18 EPS for the current year.

Insider Activity at Planet Fitness

In related news, Director Frances G. Rathke acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $46.21 per share, with a total value of $231,050.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is owned by insiders.

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.