American Century Companies Inc. Buys 134,358 Shares of Planet Fitness, Inc. $PLNT

American Century Companies Inc. lifted its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 858,210 shares of the company’s stock after buying an additional 134,358 shares during the period. American Century Companies Inc.’s holdings in Planet Fitness were worth $93,588,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in Planet Fitness by 3,783.9% in the 1st quarter. IFP Advisors Inc now owns 1,204 shares of the company’s stock worth $116,000 after purchasing an additional 1,173 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Planet Fitness during the first quarter worth about $3,874,000. Cetera Investment Advisers increased its stake in shares of Planet Fitness by 6.4% in the first quarter. Cetera Investment Advisers now owns 39,389 shares of the company’s stock valued at $3,805,000 after buying an additional 2,357 shares during the period. Assetmark Inc. increased its stake in shares of Planet Fitness by 102,616.7% in the first quarter. Assetmark Inc. now owns 12,326 shares of the company’s stock valued at $1,191,000 after buying an additional 12,314 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Planet Fitness by 202.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,612 shares of the company’s stock valued at $156,000 after buying an additional 1,079 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

PLNT has been the topic of a number of research reports. Macquarie boosted their target price on shares of Planet Fitness from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. UBS Group began coverage on shares of Planet Fitness in a report on Friday, October 17th. They set a “buy” rating and a $125.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of Planet Fitness from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Planet Fitness in a research report on Wednesday, November 19th. Finally, Stifel Nicolaus lifted their target price on Planet Fitness from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Planet Fitness presently has a consensus rating of “Moderate Buy” and an average target price of $117.23.

Planet Fitness Price Performance

NYSE PLNT opened at $111.63 on Wednesday. The stock has a market capitalization of $9.30 billion, a P/E ratio of 45.56, a P/E/G ratio of 2.43 and a beta of 1.37. The business has a 50 day simple moving average of $99.52 and a 200 day simple moving average of $103.59. Planet Fitness, Inc. has a one year low of $87.72 and a one year high of $114.47.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. The firm had revenue of $330.35 million for the quarter, compared to analyst estimates of $323.95 million. Planet Fitness had a negative return on equity of 126.58% and a net margin of 15.97%.The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. Equities analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Planet Fitness Profile

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.