US Bancorp DE Sells 827 Shares of Planet Fitness, Inc. $PLNT

US Bancorp DE lessened its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,037 shares of the company’s stock after selling 827 shares during the quarter. US Bancorp DE’s holdings in Planet Fitness were worth $876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Planet Fitness by 291.0% during the 1st quarter. Farther Finance Advisors LLC now owns 520 shares of the company’s stock worth $50,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Planet Fitness by 7.4% during the 1st quarter. GAMMA Investing LLC now owns 2,245 shares of the company’s stock worth $217,000 after acquiring an additional 155 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Planet Fitness by 15.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,095 shares of the company’s stock valued at $299,000 after buying an additional 418 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Planet Fitness during the 1st quarter valued at $206,000. Finally, State of Alaska Department of Revenue lifted its holdings in Planet Fitness by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 9,865 shares of the company’s stock valued at $953,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Price Performance

PLNT opened at $94.20 on Friday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 2.09 and a beta of 1.38. Planet Fitness, Inc. has a 1 year low of $77.77 and a 1 year high of $114.47. The stock’s 50 day simple moving average is $102.00 and its 200 day simple moving average is $102.61.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $340.88 million for the quarter, compared to analyst estimates of $329.59 million. Planet Fitness had a negative return on equity of 110.18% and a net margin of 15.11%.The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. As a group, sell-side analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $126.00 price target on shares of Planet Fitness in a research note on Monday, September 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Planet Fitness in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Planet Fitness in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of Planet Fitness in a research note on Wednesday, September 24th. Finally, UBS Group started coverage on Planet Fitness in a research report on Friday. They set a “buy” rating and a $125.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Planet Fitness currently has an average rating of “Moderate Buy” and an average target price of $112.50.

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.