9,623 Shares in Planet Fitness, Inc. (NYSE:PLNT) Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd bought a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,623 shares of the company's stock, valued at approximately $775,000.

A number of other hedge funds also recently bought and sold shares of PLNT. Russell Investments Group Ltd. lifted its stake in shares of Planet Fitness by 8.4% in the 1st quarter. Russell Investments Group Ltd. now owns 13,587 shares of the company's stock valued at $851,000 after purchasing an additional 1,057 shares during the last quarter. Vanguard Group Inc. lifted its position in Planet Fitness by 1.2% in the first quarter. Vanguard Group Inc. now owns 8,174,617 shares of the company's stock worth $511,976,000 after buying an additional 97,823 shares during the last quarter. Bessemer Group Inc. boosted its stake in Planet Fitness by 24.9% during the first quarter. Bessemer Group Inc. now owns 228,877 shares of the company's stock worth $14,335,000 after buying an additional 45,623 shares during the period. Price T Rowe Associates Inc. MD increased its position in Planet Fitness by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,859,366 shares of the company's stock valued at $116,453,000 after acquiring an additional 483,586 shares during the last quarter. Finally, Bamco Inc. NY raised its stake in shares of Planet Fitness by 10.4% in the first quarter. Bamco Inc. NY now owns 1,325,000 shares of the company's stock valued at $82,985,000 after acquiring an additional 125,000 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PLNT shares. BMO Capital Markets reiterated an "outperform" rating and set a $87.00 price target (up from $80.00) on shares of Planet Fitness in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Planet Fitness from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Robert W. Baird boosted their price objective on Planet Fitness from $92.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Morgan Stanley increased their target price on Planet Fitness from $84.00 to $89.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on shares of Planet Fitness from $87.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.81.

Planet Fitness Stock Up 0.2 %

Shares of NYSE PLNT traded up $0.16 during mid-day trading on Wednesday, reaching $98.03. 276,573 shares of the company were exchanged, compared to its average volume of 1,533,951. The firm has a 50-day moving average of $83.92 and a 200 day moving average of $76.77. Planet Fitness, Inc. has a 1 year low of $54.35 and a 1 year high of $98.82. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 52.62, a P/E/G ratio of 3.17 and a beta of 1.49.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm had revenue of $292.20 million for the quarter, compared to the consensus estimate of $283.79 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Planet Fitness, Inc. will post 2.5 earnings per share for the current year.

Insider Transactions at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $96.20, for a total value of $1,101,778.60. Following the completion of the sale, the insider now owns 19,110 shares of the company's stock, valued at approximately $1,838,382. This trade represents a 37.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.83% of the company's stock.

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.