9,406 Shares in Planet Fitness, Inc. $PLNT Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) in the third quarter, Holdings Channel reports. The firm bought 9,406 shares of the company’s stock, valued at approximately $397,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Planet Fitness by 15.5% during the 2nd quarter. Allworth Financial LP now owns 1,699 shares of the company’s stock valued at $89,000 after acquiring an additional 228 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of Planet Fitness by 3.9% in the second quarter. Fulton Bank N.A. now owns 6,956 shares of the company’s stock worth $363,000 after acquiring an additional 262 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Planet Fitness by 2.5% in the third quarter. Oppenheimer & Co. Inc. now owns 13,663 shares of the company’s stock worth $577,000 after acquiring an additional 330 shares during the last quarter. KBC Group NV raised its holdings in shares of Planet Fitness by 15.7% during the first quarter. KBC Group NV now owns 2,560 shares of the company’s stock worth $190,000 after acquiring an additional 348 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Planet Fitness by 285.9% during the second quarter. Versant Capital Management Inc now owns 494 shares of the company’s stock worth $26,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness News Roundup

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: Third-quarter revenue rose 9% year over year to about $360 million, topping estimates of $348 million, while earnings of $0.83 per share also beat expectations. The company raised its 2026 forecast, adding to the upbeat results. Planet Fitness third-quarter results
• Positive Sentiment: Planet Fitness authorized a new $500 million share repurchase program and said it repurchased and retired $50 million of stock in the quarter. Buybacks can support per-share earnings and shareholder returns. Share repurchase announcement
• Positive Sentiment: Wells Fargo raised its price target to $75 from $65 and kept an overweight rating; RBC lifted its target to $70 from $60 with an outperform rating; and KeyCorp raised its target to $68 from $65 while maintaining overweight. The revisions signal improved analyst confidence. Wells Fargo analyst ratings
• Positive Sentiment: Management plans regional Black Card price increases beginning in the second quarter of 2027, which could support future revenue, and announced entry into Portugal through the acquisition of Be-Fit. Long-term investor takeaways
• Neutral Sentiment: System-wide same-club sales increased 1.5%. Management is also reviewing its domestic company-owned clubs and plans to sell a portion; the outcome and effects of that strategic move remain uncertain. Planet Fitness third-quarter results

Planet Fitness Stock Up 0.1%

Shares of PLNT opened at $60.34 on Monday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company’s fifty day moving average is $49.22 and its 200-day moving average is $61.34. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.26.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. Planet Fitness had a net margin of 16.06% and a negative return on equity of 47.24%. The business had revenue of $359.98 million during the quarter, compared to analyst estimates of $348.34 million. During the same quarter in the previous year, the business earned $0.80 EPS. Planet Fitness’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that Planet Fitness, Inc. will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, COO William Bode sold 7,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $51.22, for a total value of $358,540.00. Following the completion of the sale, the chief operating officer owned 32,939 shares of the company’s stock, valued at $1,687,135.58. The trade was a 17.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher Tanco purchased 2,328 shares of Planet Fitness stock in a transaction on Monday, September 14th. The stock was bought at an average cost of $51.23 per share, with a total value of $119,263.44. Following the transaction, the director directly owned 2,328 shares of the company’s stock, valued at approximately $119,263.44. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Planet Fitness in a research report on Friday, October 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Planet Fitness in a research report on Monday, September 14th. Jefferies Financial Group set a $106.00 price target on Planet Fitness in a research note on Thursday, August 6th. Morgan Stanley raised their price target on Planet Fitness from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 27th. Finally, Wells Fargo & Company lifted their price target on Planet Fitness from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Planet Fitness currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.29.

Planet Fitness Profile

Planet Fitness, Inc is a fitness club franchisor and operator known for its low-cost membership model and “Judgement Free Zone” approach. Its clubs offer cardio and strength-training equipment, along with access to fitness training and other member services.

Founded in 1992, the company began franchising its clubs in 2003. Planet Fitness serves members primarily in the United States, as well as in several international markets, including Canada, Mexico and Australia.

Planet Fitness is headquartered in Hampton, New Hampshire.