Entropy Technologies LP Takes Position in Planet Fitness, Inc. $PLNT

Entropy Technologies LP acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,297 shares of the company’s stock, valued at approximately $2,744,000.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Planet Fitness in the fourth quarter worth approximately $27,000. Clearstead Advisors LLC increased its holdings 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. EverSource Wealth Advisors LLC increased its holdings in shares of Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Planet Fitness in the 4th quarter valued at $41,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Planet Fitness by 131.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock valued at $47,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Price Performance

NYSE PLNT opened at $50.94 on Monday. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.47. The company has a 50-day moving average of $59.85 and a 200-day moving average of $82.33. The company has a market cap of $4.05 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.11 and a beta of 1.04.

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

Insider Transactions at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $46.21 per share, with a total value of $231,050.00. Following the transaction, the director owned 5,000 shares in the company, 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 SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLNT. Canaccord Genuity Group set a $80.00 price objective on shares of Planet Fitness in a research report on Friday, May 8th. Bank of America restated a “neutral” rating and set a $59.00 target price (down from $110.00) on shares of Planet Fitness in a research report on Friday, May 8th. Piper Sandler lowered shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a research report on Friday, February 27th. KeyCorp decreased their price objective on shares of 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 cut their target price on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.81.

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.