Personal CFO Solutions LLC Buys Shares of 2,124 Planet Fitness, Inc. (NYSE:PLNT)

Personal CFO Solutions LLC bought a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,124 shares of the company’s stock, valued at approximately $210,000.

Other large investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its holdings in shares of Planet Fitness by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company’s stock valued at $247,000 after buying an additional 132 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Planet Fitness by 8.8% in the third quarter. Crossmark Global Holdings Inc. now owns 6,256 shares of the company’s stock valued at $508,000 after buying an additional 508 shares during the period. Versor Investments LP acquired a new position in shares of Planet Fitness in the third quarter valued at approximately $1,031,000. KBC Group NV boosted its holdings in shares of Planet Fitness by 14.7% in the third quarter. KBC Group NV now owns 2,503 shares of the company’s stock valued at $203,000 after buying an additional 321 shares during the period. Finally, Zions Bancorporation N.A. boosted its holdings in shares of Planet Fitness by 19.5% in the third quarter. Zions Bancorporation N.A. now owns 19,226 shares of the company’s stock valued at $1,562,000 after buying an additional 3,137 shares during the period. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Roth Mkm reiterated a “buy” rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. DA Davidson restated a “neutral” rating and set a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. Stifel Nicolaus reduced their target price on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $120.00 target price on shares of Planet Fitness in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.00.

Planet Fitness Price Performance

Shares of PLNT stock opened at $93.11 on Wednesday. The stock has a market cap of $7.88 billion, a P/E ratio of 50.06, a P/E/G ratio of 2.45 and a beta of 1.54. The company has a fifty day moving average price of $101.39 and a two-hundred day moving average price of $93.24. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $110.00.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $340.50 million for the quarter, compared to analyst estimates of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, equities research analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Planet Fitness Company 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.