<div id="readability-page-1"><p>SRS Investment Management LLC lowered its stake in  Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 4,665,433 shares of the company's stock after selling 36,732 shares during the period. Planet Fitness comprises  5.3% of SRS Investment Management LLC's investment portfolio, making the stock its 4th biggest position. SRS Investment Management LLC owned approximately 5.54% of Planet Fitness worth $508,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><div><p><span></span><span>Get <strong>Planet Fitness</strong> alerts:</span></p></div><ul><li>HSAs for Gym Memberships? These 3 Fitness Stocks Could Soar</li></ul><p>Other institutional investors and hedge funds have also made changes to their positions in the company. State of Michigan Retirement System increased its stake in shares of  Planet Fitness by 0.5% during the second quarter. State of Michigan Retirement System now owns 20,200 shares of the company's stock worth $2,203,000 after buying an additional 100 shares during the period.  Emerald Advisers LLC raised its holdings in shares of  Planet Fitness by 1.9% in the 2nd quarter. Emerald Advisers LLC now owns 5,572 shares of the company's stock valued at $608,000 after purchasing an additional 104 shares in the last quarter.  Brooklyn Investment Group lifted its position in shares of  Planet Fitness by 57.8% during the 1st quarter. Brooklyn Investment Group now owns 322 shares of the company's stock worth $31,000 after purchasing an additional 118 shares during the last quarter.  PNC Financial Services Group Inc. grew its stake in shares of  Planet Fitness by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,235 shares of the company's stock worth $313,000 after purchasing an additional 126 shares in the last quarter.  Finally, ProShare Advisors LLC grew its stake in shares of  Planet Fitness by 3.7% during the second quarter. ProShare Advisors LLC now owns 3,718 shares of the company's stock worth $405,000 after purchasing an additional 132 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds. </p><h2>Planet Fitness Trading Up 0.8%</h2><p>PLNT stock opened at $108.44 on Friday. The firm has a 50 day moving average of $101.31 and a 200-day moving average of $104.32. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 2.40 and a beta of 1.28. Planet Fitness, Inc. has a 12-month low of $87.72 and a 12-month high of $114.47. </p><ul><li>3 gym stocks to cash in on dieters’ New Year's resolutions </li></ul><p>Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. Planet Fitness had a negative return on equity of 126.58% and a net margin of 15.97%.The company had revenue of $330.35 million for the quarter, compared to analyst estimates of $323.95 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. Planet Fitness's revenue was up 13.0% compared to the same quarter last year. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS.  Sell-side analysts forecast that  Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><p>PLNT has been the topic of a number of analyst reports. Macquarie raised their price target on Planet Fitness from $105.00 to $110.00 and gave the company a &#34;neutral&#34; rating in a research note on Tuesday, November 11th. Guggenheim raised Planet Fitness to a &#34;strong-buy&#34; rating in a research report on Wednesday. Stifel Nicolaus upped their price target on Planet Fitness from $125.00 to $130.00 and gave the company a &#34;buy&#34; rating in a report on Friday, November 14th. Royal Bank Of Canada  reissued an &#34;outperform&#34; rating and set a $135.00 price objective on shares of Planet Fitness in a report on Tuesday. Finally, UBS Group initiated coverage on shares of Planet Fitness in a research report on Friday, October 17th. They set a &#34;buy&#34; rating and a $125.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued  a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $119.92.</p><ul><li>MarketBeat Week in Review – 9/25 - 9/29</li></ul><p><b>View Our Latest Research Report on PLNT</b></p><h2>Planet Fitness Profile</h2> (Free Report)<p>Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Planet Fitness</li><li>What is a buyback in stocks? 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Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Planet Fitness Right Now?</h2><p>Before you consider Planet Fitness, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Planet Fitness wasn't on the list.</p><p>While Planet Fitness currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PLNT

<p>SRS Investment Management LLC reduced its stake in Planet Fitness by 0.8% in Q2, owning 5.54% of the company. Planet Fitness reported Q3 earnings of $0.80 per share, beating estimates. Analysts have given the stock a "Moderate Buy" rating with a consensus price target of $119.92. The stock opened at $108.44, with a market cap of $9.03 billion.</p>

Planet Fitness, Inc. $PLNT Holdings Trimmed by SRS Investment Management LLC