34,165 Shares in Planet Fitness, Inc. (NYSE:PLNT) Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,165 shares of the company's stock, valued at approximately $3,378,000.

Several other hedge funds have also recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its holdings in Planet Fitness by 2.1% during the 4th 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 lifted its holdings 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 buying an additional 124 shares in the last quarter. Cetera Trust Company N.A lifted its holdings 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 worth $268,000 after buying an additional 135 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock valued at $39,000 after acquiring an additional 157 shares during the period. Finally, Truist Financial Corp grew its stake in shares of Planet Fitness by 1.3% in the fourth quarter. Truist Financial Corp now owns 12,632 shares of the company's stock valued at $1,249,000 after acquiring an additional 161 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLNT has been the topic of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $120.00 target price on shares of Planet Fitness in a research report on Monday, February 24th. DA Davidson reissued a "neutral" rating and set a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. BMO Capital Markets lifted their price objective on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Monday. JPMorgan Chase & Co. upped their target price on Planet Fitness from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group initiated coverage on Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 price target on the stock. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $101.44.

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Planet Fitness Price Performance

PLNT stock traded down $4.74 during trading on Friday, reaching $92.68. 1,599,288 shares of the company were exchanged, compared to its average volume of 1,453,284. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 49.83, a P/E/G ratio of 2.45 and a beta of 1.39. The company has a 50-day moving average of $99.75 and a two-hundred day moving average of $95.06. Planet Fitness, Inc. has a twelve month low of $57.64 and a twelve month high of $110.00.

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