BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 5,535 Shares of Planet Fitness, Inc. (NYSE:PLNT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Planet Fitness, Inc. (NYSE:PLNT) by 4.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 125,696 shares of the company’s stock after purchasing an additional 5,535 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.14% of Planet Fitness worth $7,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLNT. Russell Investments Group Ltd. lifted its stake in shares of Planet Fitness by 8.4% during the 1st quarter. Russell Investments Group Ltd. now owns 13,587 shares of the company’s stock valued at $851,000 after buying an additional 1,057 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Planet Fitness in the 1st quarter worth approximately $148,000. Swiss National Bank lifted its stake in Planet Fitness by 1.1% in the 1st quarter. Swiss National Bank now owns 168,585 shares of the company’s stock worth $10,558,000 after purchasing an additional 1,900 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Planet Fitness by 12.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 18,588 shares of the company’s stock worth $1,164,000 after purchasing an additional 2,070 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Planet Fitness by 46.5% in the 1st quarter. SG Americas Securities LLC now owns 7,931 shares of the company’s stock worth $497,000 after purchasing an additional 2,517 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Trading Up 0.4 %

NYSE:PLNT traded up $0.33 on Friday, reaching $77.08. 13,415 shares of the stock traded hands, compared to its average volume of 1,665,083. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 2.59 and a beta of 1.49. Planet Fitness, Inc. has a 12 month low of $44.13 and a 12 month high of $79.09. The company’s fifty day simple moving average is $69.66 and its 200 day simple moving average is $66.80.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $249.48 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts anticipate that Planet Fitness, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

PLNT has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $100.00 in a research note on Monday, June 10th. StockNews.com raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Piper Sandler increased their price target on shares of Planet Fitness from $80.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised shares of Planet Fitness from a “neutral” rating to an “overweight” rating and increased their target price for the company from $68.00 to $78.00 in a report on Tuesday, May 14th. Finally, Robert W. Baird increased their target price on shares of Planet Fitness from $80.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.64.

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.