Diversified Trust Co lifted its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 49.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,429 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Diversified Trust Co’s holdings in Planet Fitness were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLNT. Moors & Cabot Inc. purchased a new position in Planet Fitness during the 3rd quarter valued at about $26,000. Lazard Asset Management LLC purchased a new position in Planet Fitness during the 4th quarter valued at about $33,000. Global Retirement Partners LLC boosted its holdings in Planet Fitness by 29.7% during the 4th quarter. Global Retirement Partners LLC now owns 563 shares of the company’s stock valued at $51,000 after acquiring an additional 129 shares during the period. CWM LLC purchased a new position in Planet Fitness during the 4th quarter valued at about $56,000. Finally, Signaturefd LLC boosted its holdings in Planet Fitness by 189.5% during the 4th quarter. Signaturefd LLC now owns 825 shares of the company’s stock valued at $75,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 93.87% of the company’s stock.
Several equity analysts have recently issued reports on the company. StockNews.com assumed coverage on Planet Fitness in a research note on Thursday, March 31st. They issued a “hold” rating for the company. BMO Capital Markets decreased their price objective on Planet Fitness from $96.00 to $88.00 in a research note on Wednesday, May 11th. DA Davidson decreased their price objective on Planet Fitness from $110.00 to $90.00 in a research note on Friday, May 13th. Piper Sandler decreased their price objective on Planet Fitness from $87.00 to $72.00 in a research note on Wednesday, May 11th. Finally, Evercore ISI assumed coverage on Planet Fitness in a research note on Monday, March 14th. They issued an “outperform” rating and a $130.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.91.
Shares of NYSE PLNT opened at $64.95 on Thursday. Planet Fitness, Inc. has a fifty-two week low of $61.11 and a fifty-two week high of $99.60. The firm has a market capitalization of $5.91 billion, a PE ratio of 101.49, a price-to-earnings-growth ratio of 1.16 and a beta of 1.17. The stock’s 50-day simple moving average is $72.82 and its 200-day simple moving average is $81.83.
Planet Fitness (NYSE:PLNT – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $186.70 million for the quarter, compared to analyst estimates of $190.44 million. Planet Fitness had a negative return on equity of 16.39% and a net margin of 8.11%. The firm’s revenue was up 66.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, sell-side analysts forecast that Planet Fitness, Inc. will post 1.55 earnings per share for the current year.
Planet Fitness Profile (Get Rating)
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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