Planet Fitness, Inc. (NYSE:PLNT) Shares Purchased by Anomaly Capital Management LP

Anomaly Capital Management LP boosted its position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,772,593 shares of the company's stock after buying an additional 299,148 shares during the quarter. Planet Fitness makes up about 5.2% of Anomaly Capital Management LP's holdings, making the stock its 9th biggest position. Anomaly Capital Management LP owned about 2.10% of Planet Fitness worth $175,256,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Planet Fitness by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company's stock valued at $794,496,000 after acquiring an additional 39,928 shares during the last quarter. JPMorgan Chase & Co. grew its position in Planet Fitness by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company's stock worth $356,841,000 after acquiring an additional 36,803 shares during the last quarter. Ninety One UK Ltd acquired a new stake in Planet Fitness during the 4th quarter valued at $130,376,000. Dimensional Fund Advisors LP raised its position in Planet Fitness by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,167,217 shares of the company's stock valued at $115,407,000 after purchasing an additional 33,230 shares during the last quarter. Finally, Norges Bank acquired a new position in Planet Fitness in the fourth quarter worth $100,009,000. Institutional investors own 95.53% of the company's stock.

Planet Fitness Stock Down 0.6 %

PLNT traded down $0.56 during trading hours on Friday, hitting $95.77. 1,077,698 shares of the company's stock were exchanged, compared to its average volume of 1,419,394. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 51.49, a PEG ratio of 2.45 and a beta of 1.39. The stock's 50-day moving average is $95.85 and its two-hundred day moving average is $96.48. Planet Fitness, Inc. has a 1-year low of $58.51 and a 1-year high of $110.00.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $324.57 million. During the same period last year, the company earned $0.60 earnings per share. The business's revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PLNT shares. Macquarie cut their price target on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. DA Davidson reiterated a "neutral" rating and set a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Guggenheim raised their price objective on shares of Planet Fitness from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a research note on Monday, February 24th. Finally, Roth Mkm restated a "buy" rating and set a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $101.72.

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.