Janus Henderson Group PLC raised its position in Planet Fitness Inc (NYSE:PLNT) by 31.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,813 shares of the company’s stock after buying an additional 1,387 shares during the quarter. Janus Henderson Group PLC’s holdings in Planet Fitness were worth $421,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Aperio Group LLC grew its stake in shares of Planet Fitness by 4.7% during the 2nd quarter. Aperio Group LLC now owns 16,832 shares of the company’s stock worth $1,219,000 after purchasing an additional 755 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Planet Fitness by 50.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,000 shares of the company’s stock worth $915,000 after purchasing an additional 6,000 shares during the period. Candriam Luxembourg S.C.A. grew its stake in shares of Planet Fitness by 19.0% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 53,191 shares of the company’s stock worth $3,836,000 after purchasing an additional 8,491 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Planet Fitness during the 1st quarter worth $4,045,000. Finally, Geode Capital Management LLC boosted its position in shares of Planet Fitness by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 965,938 shares of the company’s stock worth $51,792,000 after buying an additional 66,192 shares in the last quarter. 88.83% of the stock is currently owned by institutional investors.
PLNT has been the topic of several recent research reports. ValuEngine lowered shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Imperial Capital reiterated an “in-line” rating and issued a $72.50 price objective (up from $55.00) on shares of Planet Fitness in a research report on Friday, August 9th. Berenberg Bank lowered shares of Planet Fitness from a “buy” rating to a “hold” rating and reduced their target price for the company from $80.00 to $69.00 in a report on Tuesday, September 3rd. Roth Capital upped their target price on shares of Planet Fitness from $80.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Raymond James began coverage on shares of Planet Fitness in a report on Wednesday, June 26th. They issued an “outperform” rating and a $80.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $77.04.
Planet Fitness stock opened at $57.44 on Friday. The stock has a 50 day moving average of $66.55 and a 200-day moving average of $72.51. Planet Fitness Inc has a 52 week low of $44.97 and a 52 week high of $81.90. The stock has a market cap of $5.48 billion, a P/E ratio of 47.08, a price-to-earnings-growth ratio of 1.67 and a beta of 0.64.
Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The firm had revenue of $181.66 million for the quarter, compared to analysts’ expectations of $167.91 million. Planet Fitness had a negative return on equity of 46.45% and a net margin of 16.29%. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share. Equities analysts forecast that Planet Fitness Inc will post 1.57 EPS for the current year.
Planet Fitness Profile
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
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