Planet Fitness, Inc. (NYSE:PLNT) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 34.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,764 shares of the company's stock after buying an additional 6,894 shares during the period. Thrivent Financial for Lutherans' holdings in Planet Fitness were worth $2,646,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PLNT. Twin Tree Management LP increased its position in shares of Planet Fitness by 413.5% during the fourth quarter. Twin Tree Management LP now owns 43,264 shares of the company's stock worth $4,278,000 after acquiring an additional 57,064 shares during the period. Corient Private Wealth LLC grew its stake in Planet Fitness by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 4,623 shares of the company's stock worth $457,000 after purchasing an additional 94 shares in the last quarter. Natixis Advisors LLC increased its holdings in Planet Fitness by 37.1% during the 4th quarter. Natixis Advisors LLC now owns 14,438 shares of the company's stock worth $1,427,000 after purchasing an additional 3,909 shares during the period. Monimus Capital Management LP bought a new stake in Planet Fitness during the 4th quarter valued at $6,698,000. Finally, Hilton Capital Management LLC lifted its holdings in shares of Planet Fitness by 4.9% in the 4th quarter. Hilton Capital Management LLC now owns 21,798 shares of the company's stock worth $2,155,000 after buying an additional 1,015 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Price Performance

Shares of PLNT stock traded up $0.34 during trading on Monday, reaching $96.56. The company's stock had a trading volume of 1,092,213 shares, compared to its average volume of 1,457,468. The stock's 50-day moving average price is $100.30 and its 200 day moving average price is $94.93. Planet Fitness, Inc. has a 1-year low of $57.64 and a 1-year high of $110.00. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 51.91, a P/E/G ratio of 2.45 and a beta of 1.54.

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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 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 company had revenue of $340.50 million during the quarter, compared to analysts' expectations of $324.57 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. On average, sell-side analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research 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 report on Thursday, February 27th. JPMorgan Chase & Co. boosted 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. BMO Capital Markets raised their price target on shares of Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Monday. DA Davidson reaffirmed a "neutral" rating and issued a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Roth Mkm reissued a "buy" rating and set a $115.00 target price (up previously 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $101.44.

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.