15,800 Shares in Planet Fitness, Inc. (NYSE:PLNT) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,800 shares of the company's stock, valued at approximately $1,562,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Planet Fitness by 0.5% in the 4th 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 last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Planet Fitness by 48.1% during the 4th 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of Planet Fitness by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company's stock worth $356,841,000 after purchasing an additional 36,803 shares in the last quarter. Anomaly Capital Management LP grew 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 worth $175,256,000 after purchasing an additional 299,148 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of Planet Fitness during the 4th quarter worth approximately $130,376,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

PLNT has been the topic of a number of analyst reports. Macquarie restated a "neutral" rating and set a $95.00 target price on shares of Planet Fitness in a research report on Tuesday, May 13th. Canaccord Genuity Group started coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They set a "buy" rating and a $120.00 target price on the stock. Guggenheim reiterated a "buy" rating and set a $110.00 price target on shares of Planet Fitness in a research report on Monday, May 12th. Morgan Stanley increased their price objective on shares of Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, DA Davidson reissued a "neutral" rating and issued a $87.00 price objective on shares of Planet Fitness in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.00.

Planet Fitness Price Performance

NYSE PLNT traded up $0.95 during mid-day trading on Friday, reaching $98.93. 958,287 shares of the stock were exchanged, compared to its average volume of 1,403,159. The stock has a market cap of $8.33 billion, a P/E ratio of 53.19, a P/E/G ratio of 2.45 and a beta of 1.33. The stock has a 50 day simple moving average of $96.47 and a 200-day simple moving average of $98.46. Planet Fitness, Inc. has a one year low of $60.56 and a one year high of $110.00.

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