Moody Aldrich Partners LLC Invests $330,000 in Planet Fitness, Inc. (NYSE:PLNT)

Moody Aldrich Partners LLC bought a new position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,334 shares of the company's stock, valued at approximately $330,000.

A number of other large investors also recently added to or reduced their stakes in PLNT. FMR LLC boosted its holdings in shares of Planet Fitness by 666.9% during the third quarter. FMR LLC now owns 795,485 shares of the company's stock worth $64,609,000 after purchasing an additional 691,761 shares during the period. Artemis Investment Management LLP purchased a new stake in Planet Fitness in the 4th quarter worth approximately $18,767,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Planet Fitness in the 3rd quarter worth approximately $13,592,000. Lisanti Capital Growth LLC purchased a new position in shares of Planet Fitness during the third quarter valued at approximately $5,206,000. Finally, State Street Corp raised its holdings in shares of Planet Fitness by 1.5% during the third quarter. State Street Corp now owns 2,524,764 shares of the company's stock valued at $205,061,000 after acquiring an additional 37,236 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLNT. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, January 17th. DA Davidson restated a "neutral" rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Robert W. Baird lifted their target price on shares of Planet Fitness from $92.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Morgan Stanley upped their price target on Planet Fitness from $84.00 to $89.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Planet Fitness currently has a consensus rating of "Moderate Buy" and an average price target of $97.69.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the company's stock in a transaction on 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 directly owns 19,110 shares in the company, valued at approximately $1,838,382. This represents a 37.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.94% of the company's stock.

Planet Fitness Stock Performance

Shares of PLNT stock traded up $1.55 on Thursday, reaching $109.06. The stock had a trading volume of 1,514,413 shares, compared to its average volume of 1,460,771. The stock has a market cap of $9.23 billion, a P/E ratio of 58.64, a price-to-earnings-growth ratio of 2.63 and a beta of 1.52. Planet Fitness, Inc. has a 1 year low of $54.35 and a 1 year high of $110.00. The company has a 50 day simple moving average of $101.52 and a 200 day simple moving average of $88.47.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $283.79 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that Planet Fitness, Inc. will post 2.5 earnings per share for the current fiscal year.

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.