Xponential Fitness, Inc. (NYSE:XPOF) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF - Free Report) by 684.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 109,963 shares of the company's stock after buying an additional 95,945 shares during the period. AQR Capital Management LLC owned about 0.23% of Xponential Fitness worth $1,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XPOF. Nut Tree Capital Management LP acquired a new stake in Xponential Fitness during the fourth quarter valued at $1,849,000. Principal Financial Group Inc. acquired a new position in Xponential Fitness in the 1st quarter worth about $278,000. Oak Ridge Investments LLC boosted its position in Xponential Fitness by 9.9% during the first quarter. Oak Ridge Investments LLC now owns 194,109 shares of the company's stock worth $3,211,000 after purchasing an additional 17,411 shares in the last quarter. Kent Lake Capital LLC grew its holdings in Xponential Fitness by 276.0% in the first quarter. Kent Lake Capital LLC now owns 882,443 shares of the company's stock valued at $14,596,000 after purchasing an additional 647,743 shares during the period. Finally, Dnca Finance purchased a new stake in shares of Xponential Fitness in the second quarter valued at approximately $107,000. Institutional investors and hedge funds own 58.55% of the company's stock.

Xponential Fitness Price Performance

Shares of NYSE:XPOF traded down $0.32 during midday trading on Thursday, hitting $11.99. The company had a trading volume of 232,613 shares, compared to its average volume of 696,705. The business's 50-day simple moving average is $13.27 and its 200-day simple moving average is $13.55. The stock has a market cap of $577.56 million, a price-to-earnings ratio of -21.58 and a beta of 1.18. Xponential Fitness, Inc. has a twelve month low of $7.40 and a twelve month high of $18.95.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XPOF. Piper Sandler reissued a "neutral" rating and issued a $13.00 price target (down previously from $14.00) on shares of Xponential Fitness in a research note on Friday, August 2nd. B. Riley upped their price target on shares of Xponential Fitness from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Roth Mkm lowered their price objective on Xponential Fitness from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Robert W. Baird cut their price objective on Xponential Fitness from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Roth Capital raised Xponential Fitness to a "strong-buy" rating in a research note on Monday, June 17th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Xponential Fitness has an average rating of "Moderate Buy" and a consensus price target of $17.28.

Insider Activity at Xponential Fitness

In related news, President Sarah Luna sold 14,400 shares of the company's stock in a transaction that occurred 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 sale, the president now directly owns 290,297 shares in the company, valued at approximately $4,020,613.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 47.83% of the stock is currently owned by company insiders.

Xponential Fitness Company Profile

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.