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

Graham Capital Management L.P. purchased a new position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,800 shares of the company's stock, valued at approximately $1,562,000.

Several other large investors have also modified their holdings of the stock. Corient Private Wealth LLC lifted its holdings in 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 last quarter. Cetera Trust Company N.A lifted its holdings in Planet Fitness by 5.2% in the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock worth $268,000 after acquiring an additional 135 shares during the last quarter. UMB Bank n.a. lifted its holdings in Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after acquiring an additional 157 shares during the last quarter. Truist Financial Corp lifted its holdings in Planet Fitness by 1.3% in the fourth quarter. Truist Financial Corp now owns 12,632 shares of the company's stock worth $1,249,000 after acquiring an additional 161 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Planet Fitness by 5.1% in 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 during the last quarter. Institutional investors own 95.53% of the company's stock.

Planet Fitness Trading Up 1.0%

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 1,409,206. The firm has a market capitalization of $8.38 billion, a PE ratio of 53.19, a PEG ratio of 2.45 and a beta of 1.33. Planet Fitness, Inc. has a 1-year low of $60.56 and a 1-year high of $110.00. The business has a fifty day moving average price of $96.35 and a 200 day moving average price of $98.06.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). The business 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 quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. On average, sell-side analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on PLNT. Stifel Nicolaus cut their target price on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, February 28th. BMO Capital Markets raised their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. DA Davidson restated a "neutral" rating and issued a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Morgan Stanley raised their price target 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, Canaccord Genuity Group initiated coverage on Planet Fitness in a research note on Thursday, March 13th. They issued a "buy" rating and a $120.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.00.

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.