American Century Companies Inc. Has $54.05 Million Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

American Century Companies Inc. lifted its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 36.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 546,664 shares of the company's stock after purchasing an additional 145,799 shares during the quarter. American Century Companies Inc. owned about 0.65% of Planet Fitness worth $54,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Corient Private Wealth LLC boosted its position in Planet Fitness by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 4,623 shares of the company's stock worth $457,000 after purchasing an additional 94 shares during the last quarter. M&T Bank Corp boosted its position in shares of Planet Fitness by 2.6% during the third quarter. M&T Bank Corp now owns 4,947 shares of the company's stock worth $402,000 after acquiring an additional 124 shares during the last quarter. Cetera Trust Company N.A grew its position in shares of Planet Fitness by 5.2% during the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock valued at $268,000 after purchasing an additional 135 shares in the last quarter. UMB Bank n.a. grew its holdings in Planet Fitness by 67.4% during 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 in the last quarter. Finally, Truist Financial Corp increased its position in Planet Fitness by 1.3% in the fourth quarter. Truist Financial Corp now owns 12,632 shares of the company's stock worth $1,249,000 after purchasing an additional 161 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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Planet Fitness Price Performance

Shares of NYSE PLNT traded down $3.02 during trading hours on Friday, hitting $96.18. 957,066 shares of the company's stock were exchanged, compared to its average volume of 1,458,929. Planet Fitness, Inc. has a 1-year low of $57.64 and a 1-year high of $110.00. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 51.71, a PEG ratio of 2.45 and a beta of 1.54. The company's 50-day moving average price is $100.46 and its 200-day moving average price is $94.73.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. On average, research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Macquarie dropped their target price on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Roth Mkm reissued 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. Guggenheim reissued a "buy" rating and set a $105.00 target price on shares of Planet Fitness in a research report on Thursday, February 27th. Piper Sandler raised their price target on Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, DA Davidson reissued a "neutral" rating and issued a $87.00 target price on shares of Planet Fitness in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $100.17.

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.