Fox Run Management L.L.C. Acquires New Shares in Planet Fitness, Inc. (NYSE:PLNT)

Fox Run Management L.L.C. bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,173 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd acquired a new stake in shares of Planet Fitness in the 4th quarter valued at approximately $130,376,000. FMR LLC raised its holdings in Planet Fitness by 666.9% in the third quarter. FMR LLC now owns 795,485 shares of the company’s stock worth $64,609,000 after purchasing an additional 691,761 shares during the period. WCM Investment Management LLC acquired a new position in shares of Planet Fitness in the 4th quarter valued at $22,289,000. Artemis Investment Management LLP acquired a new position in shares of Planet Fitness in the 4th quarter valued at $18,767,000. Finally, American Century Companies Inc. increased its position in shares of Planet Fitness by 36.4% in the 4th quarter. American Century Companies Inc. now owns 546,664 shares of the company’s stock valued at $54,049,000 after buying an additional 145,799 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Macquarie decreased their price objective on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Piper Sandler upped their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Guggenheim restated a “buy” rating and set a $105.00 price objective on shares of Planet Fitness in a report on Thursday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their target price on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Five 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $100.17.

Planet Fitness Trading Down 3.0 %

NYSE PLNT opened at $96.18 on Friday. Planet Fitness, Inc. has a 12 month low of $57.64 and a 12 month high of $110.00. The stock has a 50 day moving average of $100.46 and a 200-day moving average of $94.63. The company has a market cap of $8.14 billion, a PE ratio of 51.71, a PEG ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. As a group, sell-side analysts predict 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.