23,051 Shares in Planet Fitness, Inc. $PLNT Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 23,051 Planet Fitness shares worth approximately $1.2 million. Institutional investors collectively own 95.53% of the company.
• Planet Fitness exceeded quarterly expectations, reporting $0.88 EPS versus a $0.85 consensus estimate and $365.22 million in revenue, up 7.1% year over year.
• PLNT shares opened at $49.83, while analysts maintain a “Moderate Buy” consensus with an average price target of $70.24; a company director also purchased 10,000 shares.

Public Employees Retirement System of Ohio bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,051 shares of the company's stock, valued at approximately $1,203,000.

Several other hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 214 shares during the period. Clearstead Advisors LLC raised its position in shares of Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company's stock valued at $36,000 after acquiring an additional 193 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Planet Fitness in the 4th quarter valued at approximately $41,000. Versant Capital Management Inc boosted its stake in Planet Fitness by 285.9% during the 2nd quarter. Versant Capital Management Inc now owns 494 shares of the company's stock worth $26,000 after acquiring an additional 366 shares during the last quarter. Finally, Danske Bank A S bought a new position in Planet Fitness during the 3rd quarter worth approximately $52,000. Institutional investors own 95.53% of the company's stock.

Planet Fitness Stock Performance

Shares of PLNT stock opened at $49.83 on Wednesday. The firm's 50-day moving average is $52.59 and its 200-day moving average is $60.57. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.10 and a beta of 1.01. Planet Fitness, Inc. has a 52-week low of $37.03 and a 52-week high of $114.26.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The business had revenue of $365.22 million during the quarter, compared to the consensus estimate of $356.21 million. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. Planet Fitness's revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Sell-side analysts predict that Planet Fitness, Inc. will post 3.21 EPS for the current fiscal year.

More Planet Fitness News

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

• Positive Sentiment: One recent analysis characterized PLNT as a strong long-term momentum candidate, suggesting that the company’s underlying growth profile and valuation could still appeal to investors despite recent volatility. Why Planet Fitness is a Top Momentum Stock for the Long-Term

Insider Activity at Planet Fitness

In other Planet Fitness news, Director Stephen Spinelli, Jr. bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $49.28 per share, with a total value of $492,800.00. Following the acquisition, the director owned 45,516 shares of the company's stock, valued at $2,243,028.48. The trade was a 28.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company's stock.

Analyst Ratings Changes

PLNT has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of Planet Fitness from $80.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Raymond James Financial reissued a "strong-buy" rating and set a $62.00 price target on shares of Planet Fitness in a research report on Friday, August 7th. Wells Fargo & Company reissued an "overweight" rating on shares of Planet Fitness in a report on Monday, July 20th. Weiss Ratings downgraded Planet Fitness from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. lifted their target price on Planet Fitness from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.24.

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.

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