Planet Fitness, Inc. (NYSE:PLNT) Stock Position Decreased by Lbp Am Sa

LBP AM SA decreased its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 43.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 21,945 shares of the company's stock after selling 17,141 shares during the period. LBP AM SA's holdings in Planet Fitness were worth $2,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Planet Fitness by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company's stock valued at $794,496,000 after buying an additional 39,928 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Planet Fitness by 48.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock valued at $782,169,000 after purchasing an additional 2,570,826 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Planet Fitness by 1.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company's stock valued at $356,841,000 after purchasing an additional 36,803 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Planet Fitness by 61.1% in the 1st quarter. Ninety One UK Ltd now owns 2,124,679 shares of the company's stock valued at $205,265,000 after purchasing an additional 806,023 shares during the last quarter. Finally, Anomaly Capital Management LP boosted its holdings in shares of Planet Fitness by 20.3% in the 4th quarter. Anomaly Capital Management LP now owns 1,772,593 shares of the company's stock valued at $175,256,000 after purchasing an additional 299,148 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLNT shares. Canaccord Genuity Group set a $126.00 price target on shares of Planet Fitness and gave the company a "buy" rating in a report on Thursday, June 12th. Macquarie reiterated a "neutral" rating and issued a $95.00 price target on shares of Planet Fitness in a report on Tuesday, May 13th. Morgan Stanley lifted their price target on shares of Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus set a $120.00 price target on shares of Planet Fitness and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets lifted their price target 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. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.63.

Planet Fitness Price Performance

Planet Fitness stock traded up $0.85 during midday trading on Monday, hitting $111.28. 1,068,613 shares of the stock were exchanged, compared to its average volume of 1,382,487. The company has a 50 day moving average price of $103.90 and a two-hundred day moving average price of $100.79. The firm has a market cap of $9.37 billion, a P/E ratio of 52.49, a P/E/G ratio of 2.45 and a beta of 1.33. Planet Fitness, Inc. has a 1 year low of $68.75 and a 1 year high of $112.76.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its earnings results 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). The company had revenue of $276.66 million during the quarter, compared to the consensus estimate of $279.80 million. Planet Fitness had a negative return on equity of 88.70% and a net margin of 14.84%. Planet Fitness's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. As a group, analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

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.