8,532 Shares in Planet Fitness, Inc. (NYSE:PLNT) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new position in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,532 shares of the company’s stock, valued at approximately $843,000.

Several other hedge funds have also recently bought and sold shares of PLNT. UMB Bank n.a. lifted its stake in Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares in the last quarter. R Squared Ltd acquired a new position in Planet Fitness in the 4th quarter worth about $39,000. Proficio Capital Partners LLC acquired a new position in Planet Fitness in the 4th quarter worth about $51,000. Skandinaviska Enskilda Banken AB publ increased its position 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 during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Planet Fitness in the 3rd quarter worth about $200,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Stock Down 0.4 %

Shares of NYSE:PLNT opened at $100.25 on Friday. The business has a 50 day moving average price of $101.00 and a 200 day moving average price of $93.84. Planet Fitness, Inc. has a twelve month low of $57.16 and a twelve month high of $110.00. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 53.90, a PEG ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT) last announced its earnings results 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. 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 company earned $0.60 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PLNT. Macquarie dropped their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a research report on Tuesday, January 21st. Guggenheim reaffirmed a “buy” rating and issued a $105.00 target price on shares of Planet Fitness in a research report on Thursday, February 27th. Roth Mkm reaffirmed a “buy” rating and issued a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $120.00 price objective on shares of Planet Fitness in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and an average target price of $100.17.

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.