67,745 Shares in Planet Fitness, Inc. (NYSE:PLNT) Bought by Monimus Capital Management LP

Monimus Capital Management LP purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 67,745 shares of the company’s stock, valued at approximately $6,698,000. Planet Fitness makes up about 6.3% of Monimus Capital Management LP’s investment portfolio, making the stock its largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ninety One UK Ltd purchased a new position in Planet Fitness in the fourth quarter valued at about $130,376,000. FMR LLC increased its holdings in Planet Fitness by 666.9% during the 3rd quarter. FMR LLC now owns 795,485 shares of the company’s stock worth $64,609,000 after acquiring an additional 691,761 shares during the period. WCM Investment Management LLC bought a new stake in Planet Fitness during the 4th quarter worth approximately $22,289,000. Artemis Investment Management LLP bought a new position in shares of Planet Fitness in the 4th quarter worth $18,767,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Planet Fitness in the 4th quarter worth $51,000. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLNT has been the subject of a number of research reports. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a research note on Tuesday, January 21st. Macquarie reduced their price objective on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Piper Sandler raised their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Roth Mkm reissued a “buy” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group began coverage on shares of Planet Fitness in a report on Thursday. They issued a “buy” rating and a $120.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.17.

Planet Fitness Trading Up 2.5 %

Shares of NYSE PLNT opened at $95.56 on Friday. Planet Fitness, Inc. has a twelve month low of $54.35 and a twelve month high of $110.00. The stock has a 50 day moving average of $101.16 and a two-hundred day moving average of $93.24. The stock has a market cap of $8.09 billion, a P/E ratio of 51.38, a P/E/G ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data 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 firm had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. Planet Fitness’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, research analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

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.