Whittier Trust Co. Buys 4,692 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Whittier Trust Co. grew its stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,961 shares of the company's stock after acquiring an additional 4,692 shares during the period. Whittier Trust Co. owned 0.12% of Planet Fitness worth $10,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ninety One UK Ltd bought a new position in Planet Fitness in the fourth quarter valued at about $130,376,000. FMR LLC lifted its position in Planet Fitness by 666.9% during the 3rd quarter. FMR LLC now owns 795,485 shares of the company's stock valued at $64,609,000 after purchasing an additional 691,761 shares during the period. WCM Investment Management LLC bought a new position in shares of Planet Fitness in the 4th quarter valued at about $22,289,000. Artemis Investment Management LLP acquired a new stake in shares of Planet Fitness during the 4th quarter worth approximately $18,767,000. Finally, Monimus Capital Management LP bought a new stake in shares of Planet Fitness during the fourth quarter worth approximately $6,698,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Trading Down 2.3 %

Shares of Planet Fitness stock traded down $2.33 during trading on Tuesday, reaching $99.83. The stock had a trading volume of 834,498 shares, compared to its average volume of 1,438,375. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 53.67, a P/E/G ratio of 2.45 and a beta of 1.54. Planet Fitness, Inc. has a 52 week low of $57.31 and a 52 week high of $110.00. The stock has a fifty day moving average price of $100.98 and a two-hundred day moving average price of $94.32.

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Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $0.60 EPS. The business's revenue was up 19.4% on a year-over-year basis. On average, equities analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Ratings Changes

PLNT has been the subject of a number of analyst reports. Canaccord Genuity Group assumed coverage on shares of Planet Fitness in a report on Thursday, March 13th. They set a "buy" rating and a $120.00 target price for the company. Piper Sandler upped their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Stifel Nicolaus reduced their target price on Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a research note on Monday, February 24th. Finally, Guggenheim reiterated a "buy" rating and issued a $105.00 price target on shares of Planet Fitness in a research report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.17.

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.