Planet Fitness, Inc. $PLNT Shares Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management cut its stake in Planet Fitness by 87.1% in Q4, selling 679,248 shares and leaving 100,486 shares (0.12% of the company) valued at about $10.9 million.
• Planet Fitness beat Q4 estimates with $0.83 EPS (vs. $0.79 expected) and $376.3M revenue (up 10.5% year-over-year), and issued FY2026 EPS guidance of 3.350–3.380, in line with analyst expectations of ~3.38.
• The stock has a consensus rating of Moderate Buy with a $110.64 target versus a recent price of $65.40, a 12‑month range of $63.41–$114.47, and a market cap of about $5.23 billion.

Artemis Investment Management LLP lowered its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 87.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,486 shares of the company's stock after selling 679,248 shares during the period. Artemis Investment Management LLP owned 0.12% of Planet Fitness worth $10,900,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew 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 in the last quarter. Empowered Funds LLC acquired a new position in shares of Planet Fitness in the first quarter valued at approximately $1,891,000. EverSource Wealth Advisors LLC lifted its stake 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 period. First Trust Advisors LP lifted its stake in shares of Planet Fitness by 25.8% during the second quarter. First Trust Advisors LP now owns 142,689 shares of the company's stock valued at $15,560,000 after buying an additional 29,305 shares during the period. Finally, Jump Financial LLC acquired a new stake in Planet Fitness during the second quarter worth approximately $267,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

PLNT has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $175.00 target price on shares of Planet Fitness in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Planet Fitness from $115.00 to $98.00 and set a "hold" rating on the stock in a research note on Thursday, February 26th. Macquarie Infrastructure decreased their price objective on Planet Fitness from $112.00 to $100.00 and set a "neutral" rating on the stock in a report on Thursday, January 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $117.00 price objective on shares of Planet Fitness in a research report on Tuesday, March 10th. Finally, William Blair reiterated an "outperform" rating on shares of Planet Fitness in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.64.

Planet Fitness Price Performance

Shares of PLNT opened at $65.40 on Friday. Planet Fitness, Inc. has a 12 month low of $63.41 and a 12 month high of $114.47. The stock's 50-day moving average is $75.05 and its two-hundred day moving average is $91.97. The stock has a market cap of $5.23 billion, a PE ratio of 24.96, a P/E/G ratio of 1.13 and a beta of 1.12.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. Planet Fitness had a negative return on equity of 97.97% and a net margin of 16.55%.The business had revenue of $376.26 million during the quarter, compared to analyst estimates of $366.48 million. During the same quarter last year, the firm earned $0.70 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. On average, research analysts anticipate that Planet Fitness, Inc. will post 3.38 earnings per share for the current year.

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.

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