B. Metzler seel. Sohn & Co. AG Makes New Investment in Planet Fitness, Inc. (NYSE:PLNT)

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 34,165 shares of the company’s stock, valued at approximately $3,378,000.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its position in shares of Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after buying an additional 157 shares in the last quarter. R Squared Ltd acquired a new stake in Planet Fitness in the 4th quarter valued at about $39,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Planet Fitness by 1,139.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock valued at $53,000 after acquiring an additional 490 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new position in Planet Fitness during the fourth quarter worth about $202,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Planet Fitness in the fourth quarter valued at about $203,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Price Performance

NYSE PLNT opened at $95.80 on Wednesday. The business’s 50-day simple moving average is $100.06 and its 200-day simple moving average is $95.02. The firm has a market capitalization of $8.11 billion, a P/E ratio of 51.50, a P/E/G ratio of 2.45 and a beta of 1.54. Planet Fitness, Inc. has a 1-year low of $57.64 and a 1-year high of $110.00.

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

Analyst Ratings Changes

PLNT has been the subject of several research reports. Piper Sandler lifted their price objective on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Stifel Nicolaus cut their price target on Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a report on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Planet Fitness in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, DA Davidson reiterated a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Planet Fitness has an average rating of “Moderate Buy” and an average price target of $101.44.

About Planet Fitness

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.