5,468 Shares in Planet Fitness, Inc. (NYSE:PLNT) Acquired by Emerald Advisers LLC

Emerald Advisers LLC acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,468 shares of the company's stock, valued at approximately $528,000.

Several other large investors have also recently added to or reduced their stakes in PLNT. First Horizon Advisors Inc. grew its stake in shares of Planet Fitness by 187.6% in the first quarter. First Horizon Advisors Inc. now owns 371 shares of the company's stock valued at $36,000 after acquiring an additional 242 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Planet Fitness by 1,250.0% during the 4th quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock worth $48,000 after purchasing an additional 450 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Planet Fitness by 291.0% during the first quarter. Farther Finance Advisors LLC now owns 520 shares of the company's stock worth $50,000 after purchasing an additional 387 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Planet Fitness during the fourth quarter worth approximately $51,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock valued at $53,000 after buying an additional 490 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on PLNT. BMO Capital Markets raised their price objective on Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Stifel Nicolaus set a $120.00 price target on Planet Fitness and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Guggenheim reaffirmed a "buy" rating and set a $110.00 price objective on shares of Planet Fitness in a research report on Monday, May 12th. Morgan Stanley raised their target price on shares of Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Canaccord Genuity Group set a $126.00 price target on shares of Planet Fitness and gave the stock a "buy" rating in a report on Thursday, June 12th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.63.

Planet Fitness Stock Performance

Shares of NYSE:PLNT opened at $110.56 on Monday. Planet Fitness, Inc. has a 52-week low of $68.75 and a 52-week high of $110.95. The company has a market capitalization of $9.31 billion, a PE ratio of 52.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. The company has a fifty day moving average of $103.90 and a 200-day moving average of $100.79.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). The firm had revenue of $276.66 million during the quarter, compared to the consensus estimate of $279.80 million. Planet Fitness had a net margin of 14.84% and a negative return on equity of 88.70%. Planet Fitness's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, equities analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Planet Fitness Company 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.

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