Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its stake in shares of Planet Fitness, Inc. (NYSE:PLNTGet Rating) by 12.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,107 shares of the company’s stock after selling 756 shares during the period. Shell Asset Management Co.’s holdings in Planet Fitness were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLNT. Allspring Global Investments Holdings LLC acquired a new stake in Planet Fitness during the fourth quarter worth about $25,981,000. Commonwealth Equity Services LLC grew its holdings in Planet Fitness by 7.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,789 shares of the company’s stock worth $433,000 after acquiring an additional 350 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Planet Fitness by 0.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 48,806 shares of the company’s stock worth $4,421,000 after acquiring an additional 148 shares during the period. CWM LLC acquired a new stake in Planet Fitness during the fourth quarter worth about $56,000. Finally, Qube Research & Technologies Ltd grew its holdings in Planet Fitness by 57.3% during the fourth quarter. Qube Research & Technologies Ltd now owns 36,163 shares of the company’s stock worth $3,276,000 after acquiring an additional 13,174 shares during the period. 93.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Exane BNP Paribas upgraded Planet Fitness from an “underperform” rating to a “neutral” rating in a research report on Thursday, July 7th. Piper Sandler lowered their price target on Planet Fitness from $87.00 to $72.00 in a research report on Wednesday, May 11th. JPMorgan Chase & Co. upgraded Planet Fitness from a “neutral” rating to an “overweight” rating and set a $90.00 price target on the stock in a research report on Wednesday, May 11th. DA Davidson lowered their price target on Planet Fitness from $110.00 to $90.00 in a research report on Friday, May 13th. Finally, Robert W. Baird lowered their price target on Planet Fitness from $108.00 to $92.00 in a research report on Wednesday, May 11th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

Planet Fitness Stock Performance

Shares of Planet Fitness stock opened at $81.22 on Thursday. Planet Fitness, Inc. has a one year low of $61.11 and a one year high of $99.60. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 126.91, a PEG ratio of 1.45 and a beta of 1.17. The business’s 50 day moving average price is $71.73 and its 200 day moving average price is $78.84.

Planet Fitness (NYSE:PLNTGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Planet Fitness had a negative return on equity of 16.39% and a net margin of 8.11%. The firm had revenue of $186.70 million for the quarter, compared to the consensus estimate of $190.44 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 66.8% compared to the same quarter last year. On average, analysts predict that Planet Fitness, Inc. will post 1.55 EPS for the current fiscal year.

Planet Fitness Company Profile

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Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.

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Institutional Ownership by Quarter for Planet Fitness (NYSE:PLNT)

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