Nkcfo LLC Takes $1.09 Million Position in Planet Fitness, Inc. (NYSE:PLNT)

Nkcfo LLC acquired a new position in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,000 shares of the company’s stock, valued at approximately $1,088,000.

Several other large investors have also recently bought and sold shares of the company. Creative Planning lifted its position in Planet Fitness by 2.1% during the 3rd quarter. Creative Planning now owns 9,144 shares of the company’s stock valued at $743,000 after purchasing an additional 192 shares during the period. V Square Quantitative Management LLC lifted its holdings in Planet Fitness by 69.8% in the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company’s stock valued at $40,000 after buying an additional 201 shares during the period. Accurate Wealth Management LLC boosted its stake in Planet Fitness by 25.5% in the third quarter. Accurate Wealth Management LLC now owns 7,819 shares of the company’s stock valued at $647,000 after acquiring an additional 1,591 shares during the last quarter. Friedenthal Financial acquired a new stake in Planet Fitness during the 3rd quarter worth $747,000. Finally, Whittier Trust Co. grew its holdings in Planet Fitness by 5.0% during the 3rd quarter. Whittier Trust Co. now owns 97,269 shares of the company’s stock worth $7,900,000 after acquiring an additional 4,588 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PLNT shares. Piper Sandler raised their price target on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. DA Davidson restated a “neutral” rating and set a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. Raymond James upped their price target on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a research note on Friday, November 8th. Macquarie reissued a “neutral” rating and set a $99.00 price objective (up previously from $91.00) on shares of Planet Fitness in a research note on Friday, November 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $120.00 price objective on shares of Planet Fitness in a report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and a consensus price target of $97.69.

Planet Fitness Trading Down 2.7 %

PLNT opened at $101.07 on Friday. The stock has a market capitalization of $8.55 billion, a P/E ratio of 54.34, a P/E/G ratio of 2.68 and a beta of 1.53. Planet Fitness, Inc. has a 12 month low of $54.35 and a 12 month high of $110.00. The firm’s fifty day simple moving average is $102.88 and its 200 day simple moving average is $91.00.

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.