Dimensional Fund Advisors LP Grows Stake in Planet Fitness, Inc. (NYSE:PLNT)

Dimensional Fund Advisors LP boosted its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,167,217 shares of the company’s stock after purchasing an additional 33,230 shares during the quarter. Dimensional Fund Advisors LP owned about 1.38% of Planet Fitness worth $115,407,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in Planet Fitness during the 4th quarter valued at approximately $39,000. UMB Bank n.a. boosted its position in shares of Planet Fitness by 67.4% during the fourth quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Planet Fitness in the 4th quarter valued at $51,000. Skandinaviska Enskilda Banken AB publ lifted its stake 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 purchasing an additional 490 shares in the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Planet Fitness during the 4th quarter valued at about $202,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Stock Down 0.6 %

PLNT stock opened at $95.77 on Friday. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 51.49, a PEG ratio of 2.45 and a beta of 1.39. Planet Fitness, Inc. has a twelve month low of $58.51 and a twelve month high of $110.00. The business’s fifty day simple moving average is $95.85 and its two-hundred day simple moving average is $96.59.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Research analysts expect that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PLNT shares. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. BMO Capital Markets lifted their price objective on Planet Fitness from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, March 31st. Roth Mkm reiterated a “buy” rating and set a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Guggenheim boosted their price target on shares of Planet Fitness from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Finally, Stifel Nicolaus decreased their price target on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.72.

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.