Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,385 shares of the company’s stock after selling 4,500 shares during the quarter. Swiss National Bank owned about 0.20% of Planet Fitness worth $16,450,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of PLNT. KBC Group NV boosted its holdings in shares of Planet Fitness by 14.7% during the third quarter. KBC Group NV now owns 2,503 shares of the company’s stock valued at $203,000 after acquiring an additional 321 shares during the period. Natixis Advisors LLC acquired a new position in shares of Planet Fitness during the third quarter valued at $855,000. Quest Partners LLC boosted its holdings in shares of Planet Fitness by 126.0% during the third quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock valued at $772,000 after acquiring an additional 5,298 shares during the period. Premier Fund Managers Ltd bought a new stake in shares of Planet Fitness during the third quarter valued at about $775,000. Finally, Hilton Capital Management LLC acquired a new stake in Planet Fitness in the third quarter worth about $1,688,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Stock Up 0.4 %

Shares of Planet Fitness stock opened at $98.74 on Wednesday. The stock has a market cap of $8.36 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. The business has a fifty day simple moving average of $101.01 and a 200-day simple moving average of $93.75. Planet Fitness, Inc. has a 12 month low of $54.35 and a 12 month high of $110.00.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The business had revenue of $340.50 million during the quarter, compared to analysts’ expectations 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 was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. 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 a number of research analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Roth Mkm reaffirmed a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $105.00 price target on shares of Planet Fitness in a research note on Thursday, February 27th. Piper Sandler increased their price target on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.17.

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.