2,950 Shares in Planet Fitness, Inc. (NYSE:PLNT) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,950 shares of the company’s stock, valued at approximately $292,000.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC acquired a new position in shares of Planet Fitness during the third quarter valued at approximately $855,000. Larson Financial Group LLC boosted its stake 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 valued at $246,000 after purchasing an additional 3,021 shares in the last quarter. FMR LLC increased its position in shares of Planet Fitness by 666.9% during the 3rd 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 period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Planet Fitness in the 3rd quarter worth $1,990,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Planet Fitness by 8.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,448 shares of the company’s stock valued at $1,255,000 after buying an additional 1,210 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

PLNT has been the topic of several research reports. Canaccord Genuity Group started coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They issued a “buy” rating and a $120.00 price target on the stock. DA Davidson reiterated a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. Stifel Nicolaus cut their target price on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Macquarie decreased their price target on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Planet Fitness currently has a consensus rating of “Moderate Buy” and an average price target of $100.17.

Planet Fitness Stock Performance

Shares of PLNT opened at $99.21 on Friday. The firm has a market cap of $8.40 billion, a PE ratio of 53.34, a PEG ratio of 2.45 and a beta of 1.54. The firm’s 50 day moving average price is $100.63 and its 200 day moving average price is $94.53. Planet Fitness, Inc. has a twelve month low of $57.64 and a twelve month high of $110.00.

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

About Planet Fitness

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.