Yousif Capital Management LLC Has $2.95 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Yousif Capital Management LLC grew its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 2.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 40,398 shares of the company’s stock after buying an additional 1,011 shares during the quarter. Yousif Capital Management LLC’s holdings in Planet Fitness were worth $2,949,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Cadian Capital Management LP lifted its position in Planet Fitness by 164.7% during the 3rd quarter. Cadian Capital Management LP now owns 4,043,507 shares of the company’s stock worth $198,860,000 after buying an additional 2,516,007 shares in the last quarter. Pelham Capital Ltd. bought a new stake in shares of Planet Fitness during the third quarter valued at approximately $36,172,000. Hawk Ridge Capital Management LP acquired a new stake in shares of Planet Fitness in the third quarter valued at approximately $29,476,000. Adage Capital Partners GP L.L.C. acquired a new position in Planet Fitness during the 3rd quarter worth $25,133,000. Finally, Sequoia Financial Advisors LLC bought a new position in Planet Fitness in the 3rd quarter valued at $24,443,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Stock Performance

Shares of Planet Fitness stock opened at $60.27 on Monday. Planet Fitness, Inc. has a 52-week low of $44.13 and a 52-week high of $84.48. The business’s 50 day simple moving average is $62.02 and its 200 day simple moving average is $64.89. The firm has a market cap of $5.31 billion, a PE ratio of 37.20, a P/E/G ratio of 1.96 and a beta of 1.39.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, February 22nd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Planet Fitness had a net margin of 12.91% and a negative return on equity of 120.89%. The business had revenue of $285.10 million during the quarter, compared to analysts’ expectations of $282.35 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts predict that Planet Fitness, Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PLNT shares. JPMorgan Chase & Co. dropped their price objective on Planet Fitness from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, February 26th. DA Davidson restated a “neutral” rating and issued a $62.00 price objective on shares of Planet Fitness in a report on Monday, February 5th. Stifel Nicolaus reduced their price objective on shares of Planet Fitness from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Piper Sandler upped their target price on shares of Planet Fitness from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $79.00 target price on shares of Planet Fitness in a report on Monday, April 1st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.00.

Planet Fitness 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.