Is Planet Fitness (PLNT) a High Growth Stock?

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the mid-cap stocks posted solid gains. On the other hand, its full-year returns were disappointing. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisors highlighted stocks like Planet Fitness, Inc. (NYSE:PLNT) in the Q4 2022 investor letter. Headquartered in Hampton, New Hampshire, Planet Fitness, Inc. (NYSE:PLNT) is a fitness center operator. On January 16, 2023, Planet Fitness, Inc. (NYSE:PLNT) stock closed at $83.69 per share. One-month return of Planet Fitness, Inc. (NYSE:PLNT) was 11.20%, and its shares lost 3.56% of their value over the last 52 weeks. Planet Fitness, Inc. (NYSE:PLNT) has a market capitalization of $7.495 billion.

Carillon Tower Advisors made the following comment about Planet Fitness, Inc. (NYSE:PLNT) in its Q4 2022 investor letter:

Planet Fitness, Inc. (NYSE:PLNT) is a franchisor and operator of fitness centers. The stock performed well, driven by better than expected quarterly results that highlighted positive new membership trends. Both full-year revenue and earnings guidance were also raised above expectations. Additionally, the company gave a strong threeyear growth outlook that was well-received by investors at its inaugural Investor Day.”

Planet Fitness, Inc. (NYSE:PLNT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Planet Fitness, Inc. (NYSE:PLNT) at the end of the third quarter, which was 28 in the previous quarter.

We discussed Planet Fitness, Inc. (NYSE:PLNT) in another article and shared TimesSquare Capital’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.