Kennedy Capital Management LLC Sells 930 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Kennedy Capital Management LLC trimmed its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 70,273 shares of the company’s stock after selling 930 shares during the quarter. Kennedy Capital Management LLC’s holdings in Planet Fitness were worth $6,948,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PLNT. State Street Corp grew its stake in shares of Planet Fitness by 1.5% in the third quarter. State Street Corp now owns 2,524,764 shares of the company’s stock worth $205,061,000 after acquiring an additional 37,236 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Planet Fitness in the third quarter worth approximately $604,000. M&T Bank Corp grew its position in Planet Fitness by 2.6% in the 3rd quarter. M&T Bank Corp now owns 4,947 shares of the company’s stock worth $402,000 after purchasing an additional 124 shares during the period. Tidal Investments LLC raised its stake in Planet Fitness by 132.5% during the 3rd quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock valued at $2,352,000 after buying an additional 16,503 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Planet Fitness by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 2,090 shares of the company’s stock valued at $207,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 3.7 %

NYSE PLNT opened at $97.58 on Friday. Planet Fitness, Inc. has a 12 month low of $57.64 and a 12 month high of $110.00. The stock has a market cap of $8.26 billion, a PE ratio of 52.46, a P/E/G ratio of 2.45 and a beta of 1.39. The stock’s 50 day moving average is $97.60 and its 200 day moving average is $95.64.

Planet Fitness (NYSE:PLNT) last issued its 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. The firm 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%. Planet Fitness’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analysts Set New Price Targets

PLNT has been the subject of several research analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a research report on Monday, February 24th. Guggenheim reiterated a “buy” rating and issued a $105.00 price objective on shares of Planet Fitness in a research note on Thursday, February 27th. BMO Capital Markets boosted their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. Finally, Macquarie dropped their price target on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Five 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

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.