Planet Fitness, Inc. $PLNT Shares Bought by Whittier Trust Co.

Whittier Trust Co. grew its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 10.3% during the first quarter, Holdings Channel reports. The institutional investor owned 119,832 shares of the company’s stock after acquiring an additional 11,163 shares during the period. Whittier Trust Co.’s holdings in Planet Fitness were worth $8,805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Planet Fitness by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after buying an additional 24,981 shares during the last quarter. Empowered Funds LLC acquired a new position in Planet Fitness during the 1st quarter valued at $1,891,000. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 214 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Planet Fitness by 25.8% in 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 during the period. Finally, Jump Financial LLC bought a new position in Planet Fitness in the second quarter worth $267,000. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 0.6%

Shares of PLNT stock traded up $0.31 during trading hours on Tuesday, reaching $52.73. The stock had a trading volume of 209,991 shares, compared to its average volume of 2,123,789. The stock’s fifty day simple moving average is $53.41 and its 200 day simple moving average is $75.84. The firm has a market capitalization of $4.19 billion, a PE ratio of 19.05, a PEG ratio of 1.16 and a beta of 1.04. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.47.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.63 by $0.11. The business had revenue of $337.24 million for 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 quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, equities research analysts anticipate that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Frances G. Rathke purchased 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $46.21 per share, for a total transaction of $231,050.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at $231,050. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLNT. UBS Group cut their price target on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Guggenheim lowered their target price on Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada reduced their price target on Planet Fitness from $85.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Robert W. Baird set a $80.00 price target on Planet Fitness in a research report on Friday, May 8th. Finally, Stifel Nicolaus cut their price objective on Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.81.

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.