Zions Bancorporation N.A. Has $2.30 Million Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Zions Bancorporation N.A. raised its stake in Planet Fitness, Inc. (NYSE:PLNT) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,266 shares of the company’s stock after buying an additional 4,040 shares during the quarter. Zions Bancorporation N.A.’s holdings in Planet Fitness were worth $2,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC acquired a new position in shares of Planet Fitness during the third quarter worth about $855,000. Larson Financial Group LLC boosted its position in Planet Fitness by 151,050.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,023 shares of the company’s stock worth $246,000 after acquiring an additional 3,021 shares during the last quarter. Qsemble Capital Management LP grew its stake in shares of Planet Fitness by 100.6% during the 3rd quarter. Qsemble Capital Management LP now owns 20,972 shares of the company’s stock worth $1,703,000 after acquiring an additional 10,518 shares in the last quarter. FMR LLC raised its holdings in shares of Planet Fitness by 666.9% in the third quarter. FMR LLC now owns 795,485 shares of the company’s stock valued at $64,609,000 after purchasing an additional 691,761 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Planet Fitness in the third quarter worth $1,990,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PLNT shares. Piper Sandler lifted their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Macquarie dropped their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Canaccord Genuity Group initiated coverage on Planet Fitness in a research report on Thursday, March 13th. They set a “buy” rating and a $120.00 price target for the company. DA Davidson reaffirmed a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Guggenheim reissued a “buy” rating and issued a $105.00 price objective on shares of Planet Fitness in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.17.

Planet Fitness Trading Down 2.3 %

Shares of PLNT stock opened at $99.83 on Wednesday. The stock has a market cap of $8.45 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. Planet Fitness, Inc. has a 1 year low of $57.64 and a 1 year high of $110.00. The stock has a 50 day simple moving average of $100.89 and a 200 day simple moving average of $94.45.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 negative return on equity of 107.97% and a net margin of 14.23%. Planet Fitness’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current 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.