Values First Advisors Inc. Invests $227,000 in Planet Fitness, Inc. (NYSE:PLNT)

Values First Advisors Inc. acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,298 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the period. R Squared Ltd bought a new position in Planet Fitness in the 4th quarter worth approximately $39,000. V Square Quantitative Management LLC grew its holdings in Planet Fitness by 69.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 489 shares of the company’s stock worth $40,000 after buying an additional 201 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Planet Fitness in the 3rd quarter valued at approximately $200,000. Finally, Beaumont Financial Advisors LLC bought a new stake in Planet Fitness during the 4th quarter valued at $202,000. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Stock Down 1.6 %

Shares of NYSE PLNT opened at $101.88 on Thursday. Planet Fitness, Inc. has a 52-week low of $54.35 and a 52-week high of $110.00. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 54.77, a PEG ratio of 2.68 and a beta of 1.53. The stock’s fifty day simple moving average is $102.79 and its 200 day simple moving average is $90.60.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLNT. Stifel Nicolaus raised their price target on Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, January 17th. Morgan Stanley raised their target price on shares of Planet Fitness from $84.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $120.00 price objective on shares of Planet Fitness in a research note on Wednesday, January 15th. Finally, Piper Sandler boosted their target price on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.69.

About Planet Fitness

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.