Nkcfo LLC Purchases Shares of 11,000 Planet Fitness, Inc. (NYSE:PLNT)

Nkcfo LLC acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,000 shares of the company's stock, valued at approximately $1,088,000.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Planet Fitness by 1.5% during the 3rd quarter. State Street Corp now owns 2,524,764 shares of the company's stock valued at $205,061,000 after purchasing an additional 37,236 shares during the period. Ninety One UK Ltd bought a new position in Planet Fitness in the 4th quarter worth $130,376,000. FMR LLC lifted its position in Planet Fitness by 666.9% during the third quarter. FMR LLC now owns 795,485 shares of the company's stock valued at $64,609,000 after purchasing an additional 691,761 shares in the last quarter. WCM Investment Management LLC bought a new stake in Planet Fitness during the fourth quarter valued at about $22,289,000. Finally, Artemis Investment Management LLP bought a new stake in Planet Fitness during the fourth quarter valued at about $18,767,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLNT. JPMorgan Chase & Co. increased their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a research note on Wednesday, January 15th. Macquarie reaffirmed a "neutral" rating and set a $99.00 price objective (up from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. Robert W. Baird upped their target price on shares of Planet Fitness from $92.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Morgan Stanley raised their price objective on Planet Fitness from $84.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.69.

Planet Fitness Trading Up 0.0 %

Shares of NYSE PLNT traded up $0.03 during midday trading on Wednesday, hitting $100.15. The company's stock had a trading volume of 1,271,738 shares, compared to its average volume of 1,370,898. Planet Fitness, Inc. has a 12-month low of $54.35 and a 12-month high of $110.00. The firm has a market cap of $8.47 billion, a P/E ratio of 53.84, a price-to-earnings-growth ratio of 2.49 and a beta of 1.53. The business's 50 day moving average is $102.89 and its two-hundred day moving average is $91.57.

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.