JCP Investment Management LLC Buys New Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

JCP Investment Management LLC acquired a new position in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 250,975 shares of the company's stock, valued at approximately $3,915,000. Xponential Fitness makes up approximately 4.4% of JCP Investment Management LLC's investment portfolio, making the stock its 10th largest holding. JCP Investment Management LLC owned 0.52% of Xponential Fitness at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in XPOF. Kent Lake Capital LLC lifted its position in shares of Xponential Fitness by 276.0% in the first quarter. Kent Lake Capital LLC now owns 882,443 shares of the company's stock worth $14,596,000 after purchasing an additional 647,743 shares in the last quarter. Nut Tree Capital Management LP lifted its position in Xponential Fitness by 74.3% in the 1st quarter. Nut Tree Capital Management LP now owns 250,000 shares of the company's stock worth $4,135,000 after buying an additional 106,587 shares in the last quarter. Oak Ridge Investments LLC boosted its stake in shares of Xponential Fitness by 9.9% during the 1st quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company's stock valued at $3,211,000 after buying an additional 17,411 shares during the period. Hiddenite Capital Partners LP purchased a new position in shares of Xponential Fitness during the 2nd quarter valued at $2,730,000. Finally, AQR Capital Management LLC increased its stake in shares of Xponential Fitness by 684.4% in the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company's stock worth $1,715,000 after acquiring an additional 95,945 shares during the last quarter. 58.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Xponential Fitness

In related news, President Sarah Luna sold 14,400 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $13.85, for a total transaction of $199,440.00. Following the transaction, the president now owns 290,297 shares of the company's stock, valued at $4,020,613.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 47.83% of the company's stock.

Xponential Fitness Stock Performance

Shares of Xponential Fitness stock traded up $0.05 on Friday, reaching $12.29. The stock had a trading volume of 186,312 shares, compared to its average volume of 717,119. Xponential Fitness, Inc. has a fifty-two week low of $7.40 and a fifty-two week high of $18.95. The business's 50-day moving average price is $14.11 and its two-hundred day moving average price is $13.71. The stock has a market cap of $592.01 million, a P/E ratio of -21.56 and a beta of 1.19.

Xponential Fitness (NYSE:XPOF - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.22). The firm had revenue of $76.50 million for the quarter, compared to the consensus estimate of $83.63 million. Xponential Fitness had a negative net margin of 6.51% and a negative return on equity of 9.35%. The firm's revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. As a group, equities analysts forecast that Xponential Fitness, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on XPOF. Roth Capital raised Xponential Fitness to a "strong-buy" rating in a research report on Monday, June 17th. Roth Mkm reduced their price target on Xponential Fitness from $22.00 to $19.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Raymond James dropped their price objective on Xponential Fitness from $30.00 to $20.00 and set a "strong-buy" rating on the stock in a report on Friday, August 2nd. Guggenheim lifted their target price on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, June 18th. Finally, Piper Sandler restated a "neutral" rating and set a $13.00 price target (down previously from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.28.

About Xponential Fitness

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.