Personal CFO Solutions LLC Takes $210,000 Position in Planet Fitness, Inc. (NYSE:PLNT)

Personal CFO Solutions LLC bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,124 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors have also made changes to their positions in the business. Tidal Investments LLC boosted its position in Planet Fitness by 132.5% in the third quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock valued at $2,352,000 after buying an additional 16,503 shares in the last quarter. AMJ Financial Wealth Management acquired a new position in Planet Fitness in the fourth quarter valued at about $495,000. State Street Corp boosted its position in Planet Fitness by 1.5% in the third quarter. State Street Corp now owns 2,524,764 shares of the company’s stock valued at $205,061,000 after buying an additional 37,236 shares in the last quarter. Nkcfo LLC acquired a new position in Planet Fitness in the fourth quarter valued at about $1,088,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Planet Fitness in the third quarter valued at about $604,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Price Performance

PLNT opened at $93.11 on Wednesday. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 50.06, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. The firm has a 50 day simple moving average of $101.39 and a 200 day simple moving average of $93.24. Planet Fitness, Inc. has a fifty-two week low of $54.35 and a fifty-two week high of $110.00.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PLNT shares. JPMorgan Chase & Co. upped their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Macquarie reduced their target price 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. Guggenheim reiterated a “buy” rating and set a $105.00 target price on shares of Planet Fitness in a research report on Thursday, February 27th. Stifel Nicolaus reduced their target price on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Finally, DA Davidson reiterated a “neutral” rating and set a $87.00 target price on shares of Planet Fitness in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

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.