Vanguard Group Inc. Decreases Stake in Planet Fitness, Inc. $PLNT

Key Points

• Vanguard Group Inc. cut its stake in Planet Fitness by 2.7% in Q4, selling 218,864 shares and now owns 7,892,744 shares — roughly 9.48% of the company, valued at $856.1 million.
• Several other institutions (Steadfast, Goldman Sachs, UBS, Federated Hermes) increased positions and Junto opened a new one, leaving institutional and hedge funds owning about 95.53% of PLNT.
• Planet Fitness beat Q4 estimates (EPS $0.83 vs $0.79; revenue $376.3M vs $366.5M), issued FY2026 EPS guidance of 3.350–3.380, yet the stock trades near its 52‑week low (opened $65.40) while the consensus target remains $110.64 (MarketBeat: Moderate Buy).

Vanguard Group Inc. cut its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,892,744 shares of the company's stock after selling 218,864 shares during the period. Vanguard Group Inc. owned approximately 9.48% of Planet Fitness worth $856,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Steadfast Capital Management LP lifted its position in Planet Fitness by 4.6% during the 3rd quarter. Steadfast Capital Management LP now owns 1,888,992 shares of the company's stock worth $196,077,000 after acquiring an additional 83,215 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Planet Fitness by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company's stock worth $134,201,000 after acquiring an additional 24,981 shares in the last quarter. UBS Group AG lifted its position in Planet Fitness by 4.0% during the 3rd quarter. UBS Group AG now owns 824,395 shares of the company's stock worth $85,572,000 after acquiring an additional 31,605 shares in the last quarter. Federated Hermes Inc. lifted its position in Planet Fitness by 21.0% during the 3rd quarter. Federated Hermes Inc. now owns 753,079 shares of the company's stock worth $78,170,000 after acquiring an additional 130,687 shares in the last quarter. Finally, Junto Capital Management LP acquired a new position in Planet Fitness during the 3rd quarter worth approximately $73,603,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Stock Down 1.9%

Shares of PLNT opened at $65.40 on Friday. The business's 50 day moving average is $75.05 and its two-hundred day moving average is $91.97. Planet Fitness, Inc. has a 52-week low of $63.41 and a 52-week high of $114.47. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.13 and a beta of 1.12.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced 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 company had revenue of $376.26 million for the quarter, compared to analyst estimates of $366.48 million. During the same period in the prior year, the company posted $0.70 EPS. Planet Fitness's quarterly revenue was up 10.5% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. On average, equities analysts expect that Planet Fitness, Inc. will post 3.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on PLNT shares. Canaccord Genuity Group reduced their price target on Planet Fitness from $128.00 to $122.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. William Blair reaffirmed an "outperform" rating on shares of Planet Fitness in a research report on Tuesday, January 13th. Wells Fargo & Company started coverage on Planet Fitness in a research report on Wednesday, March 11th. They issued an "overweight" rating and a $90.00 target price on the stock. Piper Sandler lowered Planet Fitness from an "overweight" rating to a "neutral" rating in a research report on Friday, February 27th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $175.00 target price on shares of Planet Fitness in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $110.64.

Planet Fitness Company 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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