Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its stake in Planet Fitness, Inc. (NYSE:PLNT) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,192 shares of the company’s stock after selling 22,058 shares during the period. Blair William & Co. IL’s holdings in Planet Fitness were worth $15,146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PLNT. JPMorgan Chase & Co. lifted its position in shares of Planet Fitness by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company’s stock valued at $356,841,000 after acquiring an additional 36,803 shares during the period. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Planet Fitness in the 4th quarter valued at approximately $203,000. Zions Bancorporation N.A. raised its holdings in Planet Fitness by 21.0% during the fourth quarter. Zions Bancorporation N.A. now owns 23,266 shares of the company’s stock worth $2,300,000 after purchasing an additional 4,040 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its position in Planet Fitness by 73.0% during the fourth quarter. Advantage Alpha Capital Partners LP now owns 53,935 shares of the company’s stock worth $5,333,000 after purchasing an additional 22,751 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Planet Fitness by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company’s stock valued at $794,496,000 after purchasing an additional 39,928 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PLNT shares. Guggenheim reaffirmed a “buy” rating and set a $105.00 price target on shares of Planet Fitness in a research note on Thursday, February 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Planet Fitness in a report on Monday, February 24th. Macquarie dropped their price objective on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Roth Mkm reissued a “buy” rating and set a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.17.

Planet Fitness Stock Performance

Planet Fitness stock opened at $96.18 on Friday. Planet Fitness, Inc. has a 1 year low of $57.64 and a 1 year high of $110.00. The firm has a 50 day moving average price of $100.46 and a 200 day moving average price of $94.63. The company has a market cap of $8.14 billion, a price-to-earnings 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 data on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. The company 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 business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Sell-side analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

About Planet Fitness

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.