AEGON ASSET MANAGEMENT UK Plc Acquires 21,584 Shares of Planet Fitness, Inc. (NYSE:PLNT)

AEGON ASSET MANAGEMENT UK Plc grew its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 177,180 shares of the company's stock after purchasing an additional 21,584 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.21% of Planet Fitness worth $17,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its stake in shares of Planet Fitness by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 4,623 shares of the company's stock worth $457,000 after acquiring an additional 94 shares during the period. Truist Financial Corp grew its position in Planet Fitness by 1.3% in the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company's stock valued at $1,249,000 after purchasing an additional 161 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Planet Fitness by 5.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,442 shares of the company's stock worth $439,000 after acquiring an additional 214 shares in the last quarter. ProShare Advisors LLC increased its holdings in Planet Fitness by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 3,939 shares of the company's stock worth $389,000 after purchasing an additional 252 shares in the last quarter. Finally, Mariner LLC raised its position in Planet Fitness by 7.2% in the 4th quarter. Mariner LLC now owns 4,322 shares of the company's stock valued at $427,000 after buying an additional 291 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PLNT shares. Macquarie reiterated a "neutral" rating and issued a $95.00 target price on shares of Planet Fitness in a research note on Tuesday, May 13th. Stifel Nicolaus set a $120.00 price objective on shares of Planet Fitness and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Royal Bank of Canada reissued an "outperform" rating and set a $120.00 target price on shares of Planet Fitness in a research report on Monday, February 24th. Canaccord Genuity Group began coverage on Planet Fitness in a research note on Thursday, March 13th. They issued a "buy" rating and a $120.00 target price on the stock. Finally, Roth Mkm reaffirmed a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Planet Fitness presently has a consensus rating of "Moderate Buy" and an average price target of $105.11.

Planet Fitness Price Performance

Shares of NYSE:PLNT traded down $0.19 during trading on Thursday, hitting $105.13. 1,874,616 shares of the company were exchanged, compared to its average volume of 1,398,291. Planet Fitness, Inc. has a 52-week low of $62.81 and a 52-week high of $110.00. The stock has a 50 day moving average of $97.95 and a 200 day moving average of $99.60. The company has a market cap of $8.85 billion, a PE ratio of 56.52, a P/E/G ratio of 2.45 and a beta of 1.33.

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