Planet Fitness, Inc. (NYSE:PLNT) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Planet Fitness, Inc. (NYSE:PLNT) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,905 shares of the company’s stock after selling 322 shares during the period. Victory Capital Management Inc.’s holdings in Planet Fitness were worth $1,573,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PLNT. KBC Group NV increased its holdings in shares of Planet Fitness by 14.7% in the 3rd quarter. KBC Group NV now owns 2,503 shares of the company’s stock worth $203,000 after acquiring an additional 321 shares during the period. Natixis Advisors LLC acquired a new stake in shares of Planet Fitness in the 3rd quarter worth about $855,000. Quest Partners LLC increased its holdings in shares of Planet Fitness by 126.0% in the 3rd quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock worth $772,000 after acquiring an additional 5,298 shares during the period. Premier Fund Managers Ltd acquired a new stake in shares of Planet Fitness in the 3rd quarter worth about $775,000. Finally, Hilton Capital Management LLC acquired a new stake in shares of Planet Fitness in the 3rd quarter worth about $1,688,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Macquarie lowered their target price on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Roth Mkm reissued a “buy” rating and set a $115.00 target price (up previously from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. DA Davidson reissued a “neutral” rating and set a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Finally, Piper Sandler raised their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Five equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $100.17.

Planet Fitness Price Performance

Shares of PLNT opened at $98.74 on Wednesday. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $110.00. The company has a 50-day moving average of $101.01 and a two-hundred day moving average of $93.75. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 53.09, a PEG ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. Analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current 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.