Planet Fitness, Inc. (NYSE:PLNT) Shares Purchased by Invesco Ltd.

Invesco Ltd. raised its position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 199.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 482,732 shares of the company's stock after buying an additional 321,644 shares during the period. Invesco Ltd. owned about 0.57% of Planet Fitness worth $47,728,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in Planet Fitness by 132.5% in the 3rd quarter. Tidal Investments LLC now owns 28,957 shares of the company's stock worth $2,352,000 after purchasing an additional 16,503 shares in the last quarter. B. Metzler seel. Sohn & Co. AG purchased a new stake in Planet Fitness in the fourth quarter valued at approximately $3,378,000. AMJ Financial Wealth Management purchased a new position in shares of Planet Fitness during the fourth quarter worth $495,000. Nkcfo LLC purchased a new stake in shares of Planet Fitness in the 4th quarter valued at $1,088,000. Finally, Artemis Investment Management LLP acquired a new position in Planet Fitness during the 4th quarter worth about $18,767,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Planet Fitness Price Performance

Shares of NYSE PLNT traded down $0.57 on Friday, hitting $93.91. The company's stock had a trading volume of 1,037,277 shares, compared to its average volume of 1,436,545. The stock has a 50 day moving average of $96.46 and a 200-day moving average of $96.02. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth 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.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. DA Davidson reiterated a "neutral" rating and set a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. BMO Capital Markets lifted their price target on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Piper Sandler increased their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, Macquarie reduced their price objective on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Five investment 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 stock. According to MarketBeat.com, Planet Fitness currently has a consensus rating of "Moderate Buy" and an average price target of $101.72.

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.