Triodos Investment Management BV Has $31.05 Million Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Triodos Investment Management BV cut its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,000 shares of the company’s stock after selling 33,000 shares during the period. Planet Fitness makes up approximately 2.5% of Triodos Investment Management BV’s investment portfolio, making the stock its 17th largest holding. Triodos Investment Management BV owned 0.37% of Planet Fitness worth $31,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Planet Fitness by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company’s stock valued at $794,496,000 after acquiring an additional 39,928 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Planet Fitness by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company’s stock valued at $356,841,000 after acquiring an additional 36,803 shares in the last quarter. State Street Corp raised its holdings in Planet Fitness by 1.5% in the 3rd quarter. State Street Corp now owns 2,524,764 shares of the company’s stock valued at $205,061,000 after buying an additional 37,236 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of Planet Fitness during the fourth quarter valued at $130,376,000. Finally, Norges Bank acquired a new position in shares of Planet Fitness during the fourth quarter worth $100,009,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Trading Down 1.4 %

Shares of PLNT opened at $99.21 on Friday. Planet Fitness, Inc. has a 12-month low of $57.64 and a 12-month high of $110.00. The company has a market cap of $8.40 billion, a PE ratio of 53.34, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. The stock has a 50-day moving average price of $100.63 and a 200-day moving average price of $94.53.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. The company had revenue of $340.50 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

PLNT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Canaccord Genuity Group assumed coverage on Planet Fitness in a report on Thursday, March 13th. They issued a “buy” rating and a $120.00 target price for the company. Piper Sandler lifted their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Macquarie dropped their price objective on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Guggenheim reissued a “buy” rating and set a $105.00 price objective on shares of Planet Fitness in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.