Van Berkom & Associates Inc. Sells 178,597 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Van Berkom & Associates Inc. trimmed its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 824,853 shares of the company’s stock after selling 178,597 shares during the period. Planet Fitness makes up approximately 2.4% of Van Berkom & Associates Inc.’s holdings, making the stock its 19th largest holding. Van Berkom & Associates Inc.’s holdings in Planet Fitness were worth $81,553,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PLNT. UMB Bank n.a. boosted its position in shares of Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after acquiring an additional 157 shares in the last quarter. R Squared Ltd bought a new position in Planet Fitness during the fourth quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new stake in Planet Fitness during the third quarter valued at approximately $200,000. Beaumont Financial Advisors LLC bought a new stake in shares of Planet Fitness in the 4th quarter valued at approximately $202,000. Finally, KBC Group NV raised its holdings in shares of Planet Fitness by 14.7% in the 3rd quarter. KBC Group NV now owns 2,503 shares of the company’s stock worth $203,000 after buying an additional 321 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Performance

Shares of PLNT opened at $99.61 on Friday. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 53.55, a PEG ratio of 2.47 and a beta of 1.53. Planet Fitness, Inc. has a 52 week low of $54.35 and a 52 week high of $110.00. The business’s fifty day moving average price is $102.88 and its two-hundred day moving average price is $91.63.

Analyst Ratings Changes

PLNT has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a report on Wednesday, January 15th. Piper Sandler raised their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Morgan Stanley lifted their target price on shares of Planet Fitness from $84.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.69.

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.