Jackson Creek Investment Advisors LLC Makes New $1.38 Million Investment in Planet Fitness, Inc. $PLNT

Jackson Creek Investment Advisors LLC acquired a new position in Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,680 shares of the company’s stock, valued at approximately $1,375,000.

Several other hedge funds have also added to or reduced their stakes in PLNT. Junto Capital Management LP bought a new stake in Planet Fitness in the third quarter worth about $73,603,000. Freestone Grove Partners LP raised its position in Planet Fitness by 149.2% in the third quarter. Freestone Grove Partners LP now owns 527,634 shares of the company’s stock worth $54,768,000 after acquiring an additional 315,941 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Planet Fitness in the third quarter worth about $28,515,000. Mane Global Capital Management LP bought a new stake in Planet Fitness in the third quarter worth about $20,760,000. Finally, Sea Cliff Partners Management LP raised its position in Planet Fitness by 385.6% in the second quarter. Sea Cliff Partners Management LP now owns 185,782 shares of the company’s stock worth $20,260,000 after acquiring an additional 147,527 shares during the period. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLNT. Weiss Ratings downgraded shares of Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Bank of America reiterated a “neutral” rating and issued a $59.00 target price (down from $110.00) on shares of Planet Fitness in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Finally, Piper Sandler downgraded shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Planet Fitness has an average rating of “Moderate Buy” and a consensus price target of $77.81.

Insider Buying and Selling

In other news, Director Frances G. Rathke acquired 5,000 shares of Planet Fitness stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $231,050. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company’s stock.

Planet Fitness Stock Down 1.0%

PLNT opened at $52.02 on Thursday. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.14 and a beta of 1.12. The firm has a 50-day moving average price of $65.33 and a 200-day moving average price of $86.89. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.47.

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

Planet Fitness 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.