Oppenheimer & Co. Inc. decreased its stake in Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,518 shares of the company’s stock after selling 1,200 shares during the period. Oppenheimer & Co. Inc.’s holdings in Planet Fitness were worth $1,206,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. American Century Companies Inc. boosted its holdings in Planet Fitness by 66.8% in the 3rd quarter. American Century Companies Inc. now owns 877,723 shares of the company’s stock worth $43,166,000 after acquiring an additional 351,401 shares during the period. Oak Thistle LLC purchased a new position in shares of Planet Fitness in the fourth quarter valued at $389,000. Dimensional Fund Advisors LP grew its holdings in Planet Fitness by 17.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 897,910 shares of the company’s stock valued at $65,549,000 after purchasing an additional 133,541 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Planet Fitness during the 3rd quarter worth $944,000. Finally, Pacer Advisors Inc. lifted its holdings in Planet Fitness by 80.4% in the 4th quarter. Pacer Advisors Inc. now owns 12,833 shares of the company’s stock worth $937,000 after buying an additional 5,719 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.
Planet Fitness Trading Up 4.7 %
Shares of NYSE PLNT opened at $71.24 on Tuesday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.43. The stock’s 50 day simple moving average is $62.68 and its 200 day simple moving average is $66.00. Planet Fitness, Inc. has a 12-month low of $44.13 and a 12-month high of $75.86.
Planet Fitness (NYSE:PLNT – Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $249.48 million. Planet Fitness had a negative return on equity of 140.14% and a net margin of 13.66%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. As a group, equities analysts forecast that Planet Fitness, Inc. will post 2.42 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on PLNT. Stifel Nicolaus lowered Planet Fitness from a “buy” rating to a “hold” rating and dropped their target price for the stock from $80.00 to $70.00 in a research report on Friday, May 10th. Jefferies Financial Group raised Planet Fitness from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $100.00 in a research report on Monday. StockNews.com upgraded Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Robert W. Baird lifted their price target on shares of Planet Fitness from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Finally, Royal Bank of Canada reduced their price objective on shares of Planet Fitness from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.
Read Our Latest Stock Analysis on PLNT
Planet Fitness Company Profile
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.
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