New York State Common Retirement Fund Sells 101,760 Shares of Planet Fitness, Inc. (NYSE:PLNT)

New York State Common Retirement Fund lowered its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 69.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,930 shares of the company's stock after selling 101,760 shares during the quarter. New York State Common Retirement Fund owned about 0.05% of Planet Fitness worth $4,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. M&T Bank Corp boosted its position in Planet Fitness by 2.6% during the 3rd quarter. M&T Bank Corp now owns 4,947 shares of the company's stock valued at $402,000 after acquiring an additional 124 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Planet Fitness by 4.5% during the third quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company's stock valued at $247,000 after buying an additional 132 shares during the period. Cetera Trust Company N.A boosted its holdings in shares of Planet Fitness by 5.2% during the 4th quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock valued at $268,000 after buying an additional 135 shares in the last quarter. UMB Bank n.a. grew its position in shares of Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after buying an additional 157 shares during the period. Finally, Truist Financial Corp grew its position in shares of Planet Fitness by 1.3% in the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company's stock worth $1,249,000 after buying an additional 161 shares during the period. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday. DA Davidson reissued a "neutral" rating and issued a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Guggenheim reaffirmed a "buy" rating and set a $105.00 price objective on shares of Planet Fitness in a research report on Thursday. Piper Sandler boosted their target price on Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Macquarie cut their target price on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $99.00.

Planet Fitness Trading Up 0.3 %

PLNT stock traded up $0.29 on Monday, hitting $92.84. The company had a trading volume of 2,174,549 shares, compared to its average volume of 1,656,426. Planet Fitness, Inc. has a 12-month low of $54.35 and a 12-month high of $110.00. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 49.91, a P/E/G ratio of 2.45 and a beta of 1.53. The stock's 50-day simple moving average is $102.00 and its 200 day simple moving average is $92.59.

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

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.