12,700 Shares in Planet Fitness, Inc. (NYSE:PLNT) Bought by Versor Investments LP

Versor Investments LP purchased a new position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,700 shares of the company's stock, valued at approximately $1,031,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Planet Fitness by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 8,174,617 shares of the company's stock valued at $511,976,000 after purchasing an additional 97,823 shares during the period. Dorsal Capital Management LP raised its stake in shares of Planet Fitness by 7.7% during the 2nd quarter. Dorsal Capital Management LP now owns 2,907,193 shares of the company's stock valued at $213,940,000 after purchasing an additional 207,193 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Planet Fitness during the 2nd quarter valued at $166,978,000. Price T Rowe Associates Inc. MD raised its stake in shares of Planet Fitness by 35.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,859,366 shares of the company's stock valued at $116,453,000 after purchasing an additional 483,586 shares during the period. Finally, Anomaly Capital Management LP bought a new stake in shares of Planet Fitness during the 2nd quarter valued at $106,795,000. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Trading Down 0.5 %

Shares of NYSE:PLNT traded down $0.50 on Tuesday, hitting $94.70. 1,018,626 shares of the company were exchanged, compared to its average volume of 1,552,254. Planet Fitness, Inc. has a 1-year low of $54.35 and a 1-year high of $98.59. The stock's 50 day moving average price is $82.03 and its 200 day moving average price is $75.22. The firm has a market capitalization of $8.07 billion, a P/E ratio of 51.18, a price-to-earnings-growth ratio of 3.18 and a beta of 1.49.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. The company had revenue of $292.20 million during the quarter, compared to the consensus estimate of $283.79 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities analysts predict that Planet Fitness, Inc. will post 2.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLNT has been the subject of several recent analyst reports. BNP Paribas upgraded Planet Fitness from a "neutral" rating to an "outperform" rating and set a $97.00 target price for the company in a research report on Thursday, September 5th. BMO Capital Markets restated an "outperform" rating and set a $87.00 target price (up from $80.00) on shares of Planet Fitness in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on Planet Fitness from $87.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Planet Fitness from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Raymond James upped their price objective on Planet Fitness from $92.00 to $110.00 and gave the stock a "strong-buy" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.81.

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.