Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,420 shares of the company's stock after selling 3,825 shares during the period. Bank of Montreal Can's holdings in Planet Fitness were worth $1,920,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLNT. UMB Bank n.a. grew its stake in shares of Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the last quarter. R Squared Ltd bought a new position in Planet Fitness during the 4th quarter valued at approximately $39,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock worth $53,000 after buying an additional 490 shares during the period. Beaumont Financial Advisors LLC bought a new stake in shares of Planet Fitness in the 4th quarter worth approximately $202,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Planet Fitness during the fourth quarter valued at approximately $203,000. Institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PLNT. Piper Sandler raised their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. DA Davidson restated a "neutral" rating and issued a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Guggenheim lifted their price target on Planet Fitness from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, April 14th. Macquarie decreased their price objective on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on Planet Fitness from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Planet Fitness has an average rating of "Moderate Buy" and an average target price of $101.72.

Planet Fitness Stock Performance

PLNT traded down $0.57 on Friday, hitting $93.91. The company had a trading volume of 1,037,277 shares, compared to its average volume of 1,434,361. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 50.49, a P/E/G ratio of 2.45 and a beta of 1.39. The stock has a fifty day moving average price of $96.46 and a 200-day moving average price of $96.11. Planet Fitness, Inc. has a 12-month low of $58.23 and a 12-month high of $110.00.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.23% and a negative return on equity of 107.97%. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company's quarterly revenue was up 19.4% compared to the same quarter last year. Analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

About Planet Fitness

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.