Triodos Investment Management BV Sells 33,000 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Triodos Investment Management BV lowered its stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,000 shares of the company's stock after selling 33,000 shares during the quarter. Planet Fitness comprises about 2.5% of Triodos Investment Management BV's portfolio, making the stock its 17th biggest holding. Triodos Investment Management BV owned 0.37% of Planet Fitness worth $31,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLNT. Ninety One UK Ltd acquired a new stake in Planet Fitness during the fourth quarter valued at approximately $130,376,000. Norges Bank purchased a new stake in shares of Planet Fitness during the fourth quarter valued at $100,009,000. FMR LLC increased its stake in Planet Fitness by 666.9% in the 3rd quarter. FMR LLC now owns 795,485 shares of the company's stock worth $64,609,000 after purchasing an additional 691,761 shares in the last quarter. WCM Investment Management LLC acquired a new stake in Planet Fitness during the 4th quarter worth about $22,289,000. Finally, Artemis Investment Management LLP purchased a new stake in Planet Fitness during the fourth quarter valued at about $18,767,000. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

PLNT has been the subject of several research analyst reports. Roth Mkm restated a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Canaccord Genuity Group assumed coverage on Planet Fitness in a report on Thursday, March 13th. They issued a "buy" rating and a $120.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 price target on shares of Planet Fitness in a report on Monday, February 24th. Stifel Nicolaus lowered their target price on Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Finally, Guggenheim reiterated a "buy" rating and issued a $105.00 target price on shares of Planet Fitness in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.44.

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Planet Fitness Stock Performance

Shares of NYSE:PLNT traded down $0.84 during midday trading on Tuesday, reaching $95.77. 433,744 shares of the company's stock were exchanged, compared to its average volume of 1,453,590. The company's 50 day simple moving average is $100.30 and its two-hundred day simple moving average is $94.93. Planet Fitness, Inc. has a 12 month low of $57.64 and a 12 month high of $110.00. The firm has a market capitalization of $8.11 billion, a PE ratio of 51.64, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $340.50 million for the quarter, compared to analyst estimates of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company's revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. On average, research analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

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.