Legal & General Group Plc Has $12.97 Million Position in Planet Fitness, Inc. (NYSE:PLNT)

Legal & General Group Plc lessened its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,138 shares of the company’s stock after selling 11,065 shares during the period. Legal & General Group Plc owned 0.16% of Planet Fitness worth $12,966,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the last quarter. R Squared Ltd bought a new stake in Planet Fitness during the fourth quarter valued at about $39,000. Proficio Capital Partners LLC acquired a new stake in shares of Planet Fitness in the fourth quarter valued at about $51,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock worth $53,000 after purchasing an additional 490 shares during the period. Finally, Beaumont Financial Advisors LLC acquired a new position in shares of Planet Fitness during the 4th quarter worth about $202,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PLNT shares. Canaccord Genuity Group started coverage on Planet Fitness in a report on Thursday, March 13th. They issued a “buy” rating and a $120.00 target price on the stock. Macquarie lowered their price objective on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Piper Sandler upped their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Roth Mkm restated a “buy” rating and issued a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Finally, BMO Capital Markets boosted their price objective on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.72.

Planet Fitness Stock Down 1.4 %

Shares of PLNT stock opened at $96.23 on Wednesday. The company has a market capitalization of $8.15 billion, a P/E ratio of 51.73, a P/E/G ratio of 2.45 and a beta of 1.39. Planet Fitness, Inc. has a 12-month low of $57.64 and a 12-month high of $110.00. The firm has a 50-day moving average price of $97.17 and a 200 day moving average price of $95.85.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was up 19.4% on a year-over-year basis. As a group, research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

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.