BNP Paribas Financial Markets Acquires 90,675 Shares of Planet Fitness, Inc. (NYSE:PLNT)

BNP Paribas Financial Markets lifted its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 971.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,009 shares of the company's stock after purchasing an additional 90,675 shares during the period. BNP Paribas Financial Markets owned about 0.12% of Planet Fitness worth $9,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLNT. R Squared Ltd acquired a new position in shares of Planet Fitness in the fourth quarter worth approximately $39,000. UMB Bank n.a. lifted its stake 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 worth $39,000 after acquiring an additional 157 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Planet Fitness in the fourth quarter worth approximately $51,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock worth $53,000 after acquiring an additional 490 shares during the period. Finally, Beaumont Financial Advisors LLC acquired a new position in shares of Planet Fitness in the fourth quarter worth approximately $202,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLNT has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a research note on Monday, February 24th. BMO Capital Markets boosted their price target on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Guggenheim reissued a "buy" rating and issued a $110.00 price target on shares of Planet Fitness in a research note on Monday, May 12th. DA Davidson reissued a "neutral" rating and issued a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price target on Planet Fitness from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Four 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.00.

Planet Fitness Price Performance

Shares of NYSE:PLNT traded up $0.95 during trading on Friday, reaching $98.93. 958,287 shares of the stock were exchanged, compared to its average volume of 1,403,159. Planet Fitness, Inc. has a 1-year low of $60.56 and a 1-year high of $110.00. The stock has a fifty day moving average of $96.47 and a two-hundred day moving average of $98.32. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 53.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $276.66 million for the quarter, compared to the consensus estimate of $279.80 million. During the same quarter last year, the company posted $0.53 EPS. The company's quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current 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.