Xponance Inc. Buys 376 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Xponance Inc. raised its stake in Planet Fitness, Inc. (NYSE:PLNT) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,611 shares of the company’s stock after purchasing an additional 376 shares during the quarter. Xponance Inc.’s holdings in Planet Fitness were worth $1,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its position in Planet Fitness by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 4,623 shares of the company’s stock valued at $457,000 after purchasing an additional 94 shares during the last quarter. M&T Bank Corp lifted its position in Planet Fitness by 2.6% in the third quarter. M&T Bank Corp now owns 4,947 shares of the company’s stock valued at $402,000 after purchasing an additional 124 shares during the last quarter. Cetera Trust Company N.A lifted its position in Planet Fitness by 5.2% in the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company’s stock valued at $268,000 after purchasing an additional 135 shares during the last quarter. UMB Bank n.a. lifted its position in 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 purchasing an additional 157 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Planet Fitness by 1.3% in the fourth quarter. Truist Financial Corp now owns 12,632 shares of the company’s stock valued at $1,249,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Roth Mkm reissued a “buy” rating and set a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. Guggenheim reissued a “buy” rating and set a $105.00 target price on shares of Planet Fitness in a research note on Thursday, February 27th. DA Davidson reissued a “neutral” rating and set a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Finally, Macquarie reduced their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.17.

Planet Fitness Stock Down 0.0 %

Shares of PLNT stock opened at $100.31 on Friday. Planet Fitness, Inc. has a twelve month low of $57.31 and a twelve month high of $110.00. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 53.93, a PEG ratio of 2.45 and a beta of 1.54. The business’s fifty day moving average is $100.97 and its 200 day moving average is $94.07.

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

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.