Calamos Advisors LLC Acquires 20,541 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Calamos Advisors LLC grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 124.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,064 shares of the company’s stock after acquiring an additional 20,541 shares during the quarter. Calamos Advisors LLC’s holdings in Planet Fitness were worth $3,131,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Planet Fitness during the 4th quarter valued at about $33,000. CWM LLC purchased a new position in shares of Planet Fitness during the 4th quarter valued at about $56,000. Signaturefd LLC raised its holdings in shares of Planet Fitness by 189.5% during the 4th quarter. Signaturefd LLC now owns 825 shares of the company’s stock valued at $75,000 after buying an additional 540 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Planet Fitness during the 1st quarter valued at about $126,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Planet Fitness by 19.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,444 shares of the company’s stock valued at $130,000 after buying an additional 234 shares in the last quarter. Institutional investors own 93.87% of the company’s stock.

Planet Fitness Stock Performance

Shares of PLNT stock opened at $79.39 on Monday. The firm has a market cap of $7.23 billion, a P/E ratio of 124.05, a P/E/G ratio of 1.46 and a beta of 1.14. Planet Fitness, Inc. has a fifty-two week low of $61.11 and a fifty-two week high of $99.60. The business’s 50 day moving average price is $69.97 and its 200-day moving average price is $79.33.

Planet Fitness (NYSE:PLNT – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $186.70 million for the quarter, compared to analyst estimates of $190.44 million. Planet Fitness had a negative return on equity of 16.39% and a net margin of 8.11%. The business’s quarterly revenue was up 66.8% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, equities analysts predict that Planet Fitness, Inc. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLNT. StockNews.com began coverage on Planet Fitness in a report on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets decreased their price target on Planet Fitness from $96.00 to $88.00 in a research note on Wednesday, May 11th. Piper Sandler decreased their price target on Planet Fitness from $87.00 to $72.00 in a research note on Wednesday, May 11th. BNP Paribas raised Planet Fitness from an “underperform” rating to a “neutral” rating and set a $75.00 price target on the stock in a research note on Thursday, July 7th. Finally, JPMorgan Chase & Co. raised Planet Fitness from a “neutral” rating to an “overweight” rating and set a $90.00 price target on the stock in a research note on Wednesday, May 11th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.92.

Planet Fitness Company Profile

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Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.

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