BW Gestao de Investimentos Ltda. Has $16.11 Million Stock Holdings in Planet Fitness, Inc. $PLNT

BW Gestao de Investimentos Ltda. raised its stake in Planet Fitness, Inc. (NYSE:PLNT) by 29.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 148,552 shares of the company’s stock after buying an additional 33,491 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Planet Fitness were worth $16,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLNT. Norges Bank acquired a new position in Planet Fitness in the 4th quarter valued at $108,796,000. Junto Capital Management LP acquired a new position in Planet Fitness in the 3rd quarter valued at $73,603,000. Freestone Grove Partners LP raised its holdings in Planet Fitness by 149.2% in the 3rd quarter. Freestone Grove Partners LP now owns 527,634 shares of the company’s stock valued at $54,768,000 after acquiring an additional 315,941 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Planet Fitness in the 3rd quarter valued at $28,515,000. Finally, Mane Global Capital Management LP acquired a new position in Planet Fitness in the 3rd quarter valued at $20,760,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Planet Fitness news, Director Frances G. Rathke acquired 5,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $46.21 per share, with a total value of $231,050.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

Planet Fitness Trading Down 1.4%

NYSE PLNT opened at $52.75 on Tuesday. The firm has a market capitalization of $4.19 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.04. The business’s 50-day moving average price is $64.02 and its two-hundred day moving average price is $85.78. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.47.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The company had revenue of $337.24 million for the quarter, compared to the consensus estimate of $298.60 million. Planet Fitness had a negative return on equity of 81.29% and a net margin of 16.52%.The firm’s revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, analysts forecast that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLNT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Planet Fitness from $98.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Robert W. Baird set a $80.00 price objective on Planet Fitness in a research report on Friday, May 8th. Royal Bank Of Canada reduced their price objective on Planet Fitness from $85.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. KeyCorp reduced their price objective on Planet Fitness from $100.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, Guggenheim reduced their price objective on Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Planet Fitness currently has a consensus rating of “Moderate Buy” and an average target price of $77.81.

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.