CIBC Private Wealth Group LLC Grows Holdings in Planet Fitness, Inc. $PLNT

CIBC Private Wealth Group LLC boosted its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 33.2% during the third quarter, Holdings Channel.com reports. The fund owned 273,939 shares of the company’s stock after acquiring an additional 68,244 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Planet Fitness were worth $28,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Hantz Financial Services Inc. raised its position in shares of Planet Fitness by 51.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after purchasing an additional 138 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Planet Fitness by 6,950.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $44,000 after purchasing an additional 417 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Planet Fitness during the 3rd quarter valued at $44,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Planet Fitness by 131.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock valued at $47,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Up 1.9%

Shares of PLNT stock opened at $76.09 on Friday. The company’s fifty day simple moving average is $88.49 and its two-hundred day simple moving average is $98.08. Planet Fitness, Inc. has a 52 week low of $73.01 and a 52 week high of $114.47. The stock has a market cap of $6.09 billion, a P/E ratio of 29.04, a PEG ratio of 1.30 and a beta of 1.25.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.83 earnings per share 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 firm had revenue of $376.26 million during the quarter, compared to analyst estimates of $366.48 million. During the same quarter last year, the business posted $0.70 earnings per share. The business’s quarterly revenue 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, analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLNT has been the subject of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. Royal Bank Of Canada lowered their price objective on Planet Fitness from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Canaccord Genuity Group upped their price objective on Planet Fitness from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Piper Sandler cut Planet Fitness from an “overweight” rating to a “neutral” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus set a $105.00 price target on Planet Fitness in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $116.93.

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.