Planet Fitness, Inc. (NYSE:PLNT) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 5.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 53,974 shares of the company’s stock after buying an additional 2,849 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Planet Fitness were worth $5,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its holdings in Planet Fitness by 4.8% in the 4th quarter. Whittier Trust Co. now owns 101,961 shares of the company’s stock worth $10,081,000 after acquiring an additional 4,692 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Planet Fitness by 189.2% during the 4th quarter. Teacher Retirement System of Texas now owns 33,282 shares of the company’s stock worth $3,291,000 after purchasing an additional 21,772 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Planet Fitness in the 4th quarter valued at about $843,000. Xponance Inc. boosted its holdings in Planet Fitness by 2.8% in the 4th quarter. Xponance Inc. now owns 13,611 shares of the company’s stock worth $1,346,000 after buying an additional 376 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Planet Fitness by 34.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 26,764 shares of the company’s stock worth $2,646,000 after buying an additional 6,894 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Macquarie decreased their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Roth Mkm restated a “buy” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Piper Sandler raised their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Planet Fitness currently has an average rating of “Moderate Buy” and a consensus target price of $100.17.

Planet Fitness Stock Down 0.0 %

NYSE PLNT opened at $100.31 on Friday. Planet Fitness, Inc. has a 52 week low of $57.31 and a 52 week high of $110.00. The firm has a 50 day moving average of $100.97 and a two-hundred day moving average of $93.97. The stock has a market capitalization of $8.49 billion, a PE ratio of 53.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $340.50 million for the quarter, compared to analyst estimates of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. Planet Fitness’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

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.