Russell Investments Group increased its holdings in Planet Fitness Inc. (NYSE:PLNT – free report ) by 8.4% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund acquired an additional 1,057 shares during the period, giving it a holding of 13,587 shares of the company. Russell Investments Group’s holdings of Planet Fitness stock were worth $851,000 as of the latest filing with the Securities and Exchange Commission.
Other hedge funds are also buying and selling shares of the company. Allworth Financial increased its holdings in Planet Fitness by 247.6% in the fourth quarter. Allworth Financial now owns 358 shares of the company’s stock valued at $26,000 after acquiring an additional 255 shares in the last quarter. Fidelis Capital Partners purchased a new stake in Planet Fitness in the first quarter valued at approximately $27,000. Asset Management One increased its holdings in Planet Fitness by 17.4% in the fourth quarter. Asset Management One now owns 999 shares of the company’s stock valued at $73,000 after acquiring an additional 148 shares in the last quarter. First Horizon Advisors increased its holdings in Planet Fitness by 24.4% in the fourth quarter. First Horizon Advisors Inc. now holds 1,006 shares of the company’s stock, valued at $73,000, after purchasing an additional 197 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Planet Fitness by 169.6% in the fourth quarter. Quadrant Capital Group LLC now holds 1,181 shares of the company’s stock, valued at $86,000, after purchasing an additional 743 shares in the last quarter. Institutional investors hold 95.53% of the company’s stock.
Planet Fitness Stock Performance
PLNT shares opened trading at $74.25 on Tuesday. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 2.52 and a beta of 1.49. The company’s 50-day simple moving average is $71.09 and its 200-day simple moving average is $66.84. Planet Fitness, Inc.’s one-year low is $44.13 and its one-year high is $79.09.
Planet Fitness (NYSE:PLNT – get free report ) announced its quarterly earnings report on Thursday, May 9th. The company reported quarterly EPS of $0.53, beating the consensus estimate of $0.49 by $0.04. The company’s quarterly revenue was $248.0 million, beating analyst estimates of $249.48 million. Planet Fitness had a net margin of 13.66% and a return on equity of -140.14%. The company’s quarterly revenue grew 11.6% year over year. During the same period last year, the company reported earnings per share of $0.41. Equity analysts expect Planet Fitness to post EPS of $2.43 for the current fiscal year.
Wall Street analysts predict growth
Several research analysts have recently commented on the stock. Jefferies Financial Group raised their price target on Planet Fitness from a “hold” rating to a “buy” rating and increased their price target on Planet Fitness from $62.00 to $100.00 in a report on Monday, June 10th. Piper Sandler raised their price target on Planet Fitness from $80.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Robert W. Baird raised their price target on Planet Fitness from $80.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Raymond James raised their price target on Planet Fitness from $75.00 to $80.00 and gave the stock a “strong buy” rating in a report on Friday, May 10th. Finally, TD Cowen upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and increased their price target from $66.00 to $92.00 in a research note on Monday, June 24. Four analysts have rated the stock with a hold rating, ten have rated it with a buy rating, and one has rated it with a strong buy rating. According to MarketBeat data, the company’s stock currently has an average rating of a “moderate buy” with a consensus price target of $77.64.
Read the latest stock analysis for PLNT
Planet Fitness Profile
(Free report)
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 and Equipment. The company has franchise operations in the United States, Puerto Rico, Canada, Panama, Mexico and Australia.
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