Planet Fitness, Inc. (NYSE:PLNT) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 69.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 489 shares of the company’s stock after acquiring an additional 201 shares during the quarter. V Square Quantitative Management LLC’s holdings in Planet Fitness were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PLNT. Fidelis Capital Partners LLC acquired a new position in Planet Fitness during the first quarter valued at $27,000. GAMMA Investing LLC raised its holdings in Planet Fitness by 478.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $28,000 after acquiring an additional 316 shares during the period. LRI Investments LLC increased its holdings in shares of Planet Fitness by 61.2% during the 2nd quarter. LRI Investments LLC now owns 403 shares of the company’s stock worth $30,000 after purchasing an additional 153 shares during the period. Quarry LP increased its holdings in shares of Planet Fitness by 174.7% during the 2nd quarter. Quarry LP now owns 500 shares of the company’s stock worth $37,000 after purchasing an additional 318 shares during the period. Finally, Dnca Finance bought a new position in shares of Planet Fitness during the 2nd quarter worth about $82,000. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 2.2 %

Shares of Planet Fitness stock opened at $80.49 on Monday. The business has a 50-day moving average price of $81.25 and a two-hundred day moving average price of $72.75. Planet Fitness, Inc. has a 1-year low of $52.38 and a 1-year high of $85.08. The company has a market cap of $7.10 billion, a P/E ratio of 46.26, a PEG ratio of 2.75 and a beta of 1.49.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Planet Fitness had a negative return on equity of 121.99% and a net margin of 14.16%. The firm had revenue of $300.94 million during the quarter, compared to the consensus estimate of $290.17 million. During the same period last year, the business posted $0.65 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Planet Fitness, Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Planet Fitness from $80.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Robert W. Baird reiterated an “outperform” rating and set a $92.00 target price on shares of Planet Fitness in a research report on Monday, August 26th. BNP Paribas raised shares of Planet Fitness from a “neutral” rating to an “outperform” rating and set a $97.00 price target for the company in a research note on Thursday, September 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $87.00 target price (up previously from $80.00) on shares of Planet Fitness in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus upped their target price on shares of Planet Fitness from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.27.

Insiders Place Their Bets

In other Planet Fitness news, CAO Brian O’donnell sold 6,424 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $77.39, for a total transaction of $497,153.36. Following the completion of the sale, the chief accounting officer now directly owns 6,778 shares in the company, valued at approximately $524,549.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.94% of the company’s stock.

Planet Fitness 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.