AEGON ASSET MANAGEMENT UK Plc Purchases Shares of 167,370 Planet Fitness, Inc. (NYSE:PLNT)

AEGON ASSET MANAGEMENT UK Plc acquired a new position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 167,370 shares of the company's stock, valued at approximately $13,592,000. AEGON ASSET MANAGEMENT UK Plc owned about 0.20% of Planet Fitness as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PLNT. Vanguard Group Inc. grew its holdings in shares of Planet Fitness by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 8,174,617 shares of the company's stock worth $511,976,000 after acquiring an additional 97,823 shares during the period. Bessemer Group Inc. lifted its position in Planet Fitness by 24.9% during the first quarter. Bessemer Group Inc. now owns 228,877 shares of the company's stock valued at $14,335,000 after buying an additional 45,623 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Planet Fitness in the 1st quarter worth about $1,786,000. State Board of Administration of Florida Retirement System grew its position in shares of Planet Fitness by 4.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 92,400 shares of the company's stock worth $5,787,000 after buying an additional 3,860 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Planet Fitness by 228.8% in the 1st quarter. BNP Paribas Financial Markets now owns 23,069 shares of the company's stock worth $1,445,000 after acquiring an additional 16,053 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Planet Fitness from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday. Stifel Nicolaus raised their price objective on Planet Fitness from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their target price on Planet Fitness from $92.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday. Macquarie reissued a "neutral" rating and issued a $99.00 target price (up from $91.00) on shares of Planet Fitness in a research note on Friday. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $87.00 price target (up previously from $80.00) on shares of Planet Fitness in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Planet Fitness currently has an average rating of "Moderate Buy" and a consensus target price of $91.81.

Planet Fitness Trading Up 1.2 %

NYSE:PLNT traded up $1.14 during trading hours on Friday, reaching $95.31. The company had a trading volume of 1,982,660 shares, compared to its average volume of 1,555,188. The firm's 50 day moving average price is $81.75 and its 200-day moving average price is $74.78. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 2.84 and a beta of 1.49. Planet Fitness, Inc. has a 52 week low of $54.35 and a 52 week high of $98.59.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. Planet Fitness had a negative return on equity of 121.99% and a net margin of 14.16%. The company had revenue of $292.20 million during the quarter, compared to analysts' expectations of $283.79 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. Planet Fitness's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts forecast that Planet Fitness, Inc. will post 2.43 earnings per share for the current fiscal year.

About Planet Fitness

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.