BNP Paribas Acquires Shares of 13,044 Planet Fitness, Inc. (NYSE:PLNT)

BNP Paribas purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,044 shares of the company's stock, valued at approximately $1,299,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Planet Fitness by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company's stock worth $794,496,000 after purchasing an additional 39,928 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Planet Fitness by 48.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock worth $782,169,000 after purchasing an additional 2,570,826 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Planet Fitness by 1.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company's stock worth $356,841,000 after buying an additional 36,803 shares during the last quarter. Anomaly Capital Management LP raised its position in shares of Planet Fitness by 20.3% during the 4th quarter. Anomaly Capital Management LP now owns 1,772,593 shares of the company's stock valued at $175,256,000 after acquiring an additional 299,148 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new position in Planet Fitness in the fourth quarter valued at about $130,376,000. 95.53% of the stock is owned by institutional investors.

Planet Fitness Stock Up 1.9 %

NYSE:PLNT traded up $1.92 during trading hours on Wednesday, reaching $101.79. 2,954,512 shares of the stock were exchanged, compared to its average volume of 1,409,992. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 2.45 and a beta of 1.33. The business has a 50-day moving average of $96.25 and a two-hundred day moving average of $97.41. Planet Fitness, Inc. has a twelve month low of $59.16 and a twelve month high of $110.00.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating 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 company had revenue of $340.50 million during the quarter, compared to analysts' expectations of $324.57 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. On average, research analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analysts Set New Price Targets

PLNT has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, February 28th. BMO Capital Markets upped their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Canaccord Genuity Group initiated coverage on shares of Planet Fitness in a report on Thursday, March 13th. They issued a "buy" rating and a $120.00 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a research report on Monday, February 24th. Finally, Guggenheim boosted their target price on shares of Planet Fitness from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, April 14th. Five equities research 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. Based on data from MarketBeat, Planet Fitness has an average rating of "Moderate Buy" and an average target price of $101.72.

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.