2,677 Shares in Planet Fitness, Inc. (NYSE:PLNT) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,677 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC grew its position in Planet Fitness by 1,250.0% during the 4th quarter. CoreCap Advisors LLC now owns 486 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Planet Fitness by 1,139.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock valued at $53,000 after purchasing an additional 490 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Planet Fitness during the 4th quarter valued at about $57,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Planet Fitness during the 4th quarter valued at about $203,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of Planet Fitness during the 4th quarter valued at about $210,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PLNT shares. Royal Bank of Canada restated an “outperform” rating and set a $120.00 target price on shares of Planet Fitness in a research note on Monday, February 24th. Guggenheim restated a “buy” rating and set a $110.00 target price on shares of Planet Fitness in a research note on Monday, May 12th. Macquarie restated a “neutral” rating and set a $95.00 target price on shares of Planet Fitness in a research note on Tuesday, May 13th. BMO Capital Markets lifted their price objective on shares of Planet Fitness from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. Finally, Roth Mkm reiterated a “buy” rating and set a $115.00 price objective (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.76.

Planet Fitness Stock Performance

PLNT stock opened at $102.59 on Monday. The firm has a fifty day moving average price of $99.14 and a 200 day moving average price of $99.77. Planet Fitness, Inc. has a fifty-two week low of $68.75 and a fifty-two week high of $110.00. The firm has a market cap of $8.64 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, May 8th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). The business had revenue of $276.66 million during the quarter, compared to analysts’ expectations of $279.80 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, equities analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current 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.