Dimensional Fund Advisors LP Increases Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Dimensional Fund Advisors LP lifted its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,167,217 shares of the company's stock after purchasing an additional 33,230 shares during the period. Dimensional Fund Advisors LP owned about 1.38% of Planet Fitness worth $115,407,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of Planet Fitness during the fourth quarter valued at approximately $39,000. UMB Bank n.a. boosted its position in Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock valued at $39,000 after buying an additional 157 shares during the period. Proficio Capital Partners LLC bought a new stake in Planet Fitness in the 4th quarter worth $51,000. Skandinaviska Enskilda Banken AB publ increased its position 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 valued at $53,000 after acquiring an additional 490 shares during the period. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Planet Fitness during the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Planet Fitness Price Performance

NYSE PLNT traded up $0.36 during mid-day trading on Thursday, reaching $94.95. The stock had a trading volume of 803,446 shares, compared to its average volume of 1,408,898. The stock has a market cap of $8.04 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 2.45 and a beta of 1.39. Planet Fitness, Inc. has a 1 year low of $58.51 and a 1 year high of $110.00. The company has a fifty day moving average price of $95.65 and a 200 day moving average price of $96.79.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 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 company's revenue was up 19.4% on a year-over-year basis. As a group, equities research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Macquarie cut 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. Canaccord Genuity Group began coverage on Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Guggenheim upped their target price on Planet Fitness from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, April 14th. Piper Sandler lifted their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Roth Mkm restated a "buy" rating and issued a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. 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. According to MarketBeat, Planet Fitness currently has an average rating of "Moderate Buy" and a consensus 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.