Dimensional Fund Advisors LP lifted its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 15.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 663,807 shares of the company’s stock after buying an additional 88,520 shares during the period. Dimensional Fund Advisors LP owned about 0.73% of Planet Fitness worth $38,274,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Sandy Spring Bank raised its holdings in shares of Planet Fitness by 25.0% during the 3rd quarter. Sandy Spring Bank now owns 2,500 shares of the company’s stock worth $144,000 after buying an additional 500 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Planet Fitness by 14.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,149,179 shares of the company’s stock worth $78,155,000 after purchasing an additional 145,821 shares in the last quarter. Teca Partners LP acquired a new position in Planet Fitness in the 2nd quarter worth about $1,306,000. FMR LLC increased its holdings in Planet Fitness by 9.0% in the 2nd quarter. FMR LLC now owns 1,653,529 shares of the company’s stock worth $112,457,000 after purchasing an additional 136,191 shares in the last quarter. Finally, Davidson Kempner Capital Management LP increased its holdings in Planet Fitness by 84.9% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 266,579 shares of the company’s stock worth $18,130,000 after purchasing an additional 122,374 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Planet Fitness from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a report on Friday, February 24th. Raymond James upped their target price on Planet Fitness from $92.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 24th. BMO Capital Markets upped their target price on Planet Fitness from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 9th. Finally, Cowen upped their price target on Planet Fitness from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Planet Fitness presently has an average rating of “Moderate Buy” and an average target price of $93.69.
Shares of Planet Fitness stock opened at $79.80 on Thursday. Planet Fitness, Inc. has a one year low of $54.15 and a one year high of $88.31. The stock’s 50-day moving average is $80.95 and its 200 day moving average is $72.98. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 68.21, a PEG ratio of 1.50 and a beta of 1.26.
Planet Fitness (NYSE:PLNT – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. Planet Fitness had a negative return on equity of 64.13% and a net margin of 10.61%. The company had revenue of $281.30 million for the quarter, compared to analyst estimates of $271.48 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 53.2% compared to the same quarter last year. On average, sell-side analysts expect that Planet Fitness, Inc. will post 2.2 EPS for the current fiscal year.
Planet Fitness, Inc engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.
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