BNP Paribas Acquires New Holdings in Planet Fitness, Inc. (NYSE:PLNT)

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

A number of other hedge funds have also made changes to their positions in the business. R Squared Ltd purchased a new position in Planet Fitness in the 4th quarter worth approximately $39,000. UMB Bank n.a. boosted 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 valued at $39,000 after purchasing an additional 157 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Planet Fitness in the fourth quarter valued at $51,000. Skandinaviska Enskilda Banken AB publ increased its stake 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 worth $53,000 after buying an additional 490 shares during the period. Finally, Beaumont Financial Advisors LLC purchased a new stake in Planet Fitness during the 4th quarter worth $202,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Planet Fitness Stock Down 3.6 %

PLNT stock traded down $3.54 during mid-day trading on Friday, reaching $93.54. The company had a trading volume of 2,089,448 shares, compared to its average volume of 1,406,956. Planet Fitness, Inc. has a one year low of $60.56 and a one year high of $110.00. The stock has a market capitalization of $7.92 billion, a P/E ratio of 50.29, a P/E/G ratio of 2.45 and a beta of 1.33. The stock's 50-day simple moving average is $96.30 and its two-hundred day simple moving average is $97.75.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on PLNT shares. Roth Mkm reaffirmed a "buy" rating and set a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. BMO Capital Markets upped their target price on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Morgan Stanley increased their target price on Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.00.

Planet Fitness 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.