Christopher Tanco Purchases 2,328 Shares of Planet Fitness (NYSE:PLNT) Stock

Planet Fitness, Inc. (NYSE:PLNT) Director Christopher Tanco purchased 2,328 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of $51.23 per share, with a total value of $119,263.44. Following the completion of the purchase, the director directly owned 2,328 shares in the company, valued at approximately $119,263.44. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Planet Fitness Stock Down 0.1%

NYSE PLNT opened at $49.96 on Friday. The firm’s 50 day moving average is $52.30 and its 200-day moving average is $58.81. The company has a market capitalization of $3.77 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. 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 earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The business had revenue of $365.22 million during the quarter, compared to the consensus estimate of $356.21 million. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. As a group, sell-side analysts expect that Planet Fitness, Inc. will post 3.21 EPS for the current year.

Hedge Funds Weigh In On Planet Fitness

A number of institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. boosted its stake in Planet Fitness by 4.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock worth $410,000 after purchasing an additional 168 shares during the period. Clearstead Advisors LLC increased its position in shares of Planet Fitness by 135.9% during the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the period. Allworth Financial LP lifted its holdings in shares of Planet Fitness by 15.5% in the second quarter. Allworth Financial LP now owns 1,699 shares of the company’s stock worth $89,000 after buying an additional 228 shares in the last quarter. Fulton Bank N.A. lifted its holdings 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 buying an additional 262 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Planet Fitness by 34.1% in the fourth quarter. Larson Financial Group LLC now owns 1,145 shares of the company’s stock valued at $124,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PLNT shares. Raymond James Financial reiterated a “strong-buy” rating and set a $62.00 target price on shares of Planet Fitness in a report on Friday, August 7th. Jefferies Financial Group set a $106.00 price target on Planet Fitness in a research note on Thursday, August 6th. Royal Bank Of Canada lowered their price target on Planet Fitness from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Planet Fitness in a research note on Monday. Finally, Robert W. Baird set a $72.00 price objective on Planet Fitness in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Planet Fitness presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

About Planet Fitness

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. Its clubs provide access to cardiovascular and strength-training equipment, free weights, locker rooms, and other basic fitness amenities in a low-cost, welcoming environment designed to appeal to a broad range of consumers.

The company is known for its “Judgement Free Zone” concept, which emphasizes an approachable atmosphere for first-time, casual, and experienced gym users.