Chicago Capital LLC Acquires 2,651 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Chicago Capital LLC grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 35.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,154 shares of the company's stock after purchasing an additional 2,651 shares during the quarter. Chicago Capital LLC's holdings in Planet Fitness were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CoreCap Advisors LLC increased its holdings in Planet Fitness by 1,250.0% in the 4th quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock worth $48,000 after acquiring an additional 450 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Planet Fitness by 291.0% in the 1st quarter. Farther Finance Advisors LLC now owns 520 shares of the company's stock worth $50,000 after acquiring an additional 387 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Planet Fitness in the 4th quarter worth approximately $51,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock worth $53,000 after acquiring an additional 490 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Planet Fitness during the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PLNT shares. Morgan Stanley increased their price objective 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. Roth Mkm reaffirmed a "buy" rating and set a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. Macquarie reaffirmed a "neutral" rating and set a $95.00 price objective on shares of Planet Fitness in a report on Tuesday, May 13th. Stifel Nicolaus set a $120.00 price objective on shares of Planet Fitness and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $120.00 target price on shares of Planet Fitness in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $105.76.

Planet Fitness Stock Down 0.5%

PLNT traded down $0.57 during trading on Friday, reaching $107.12. The company had a trading volume of 1,259,467 shares, compared to its average volume of 1,382,816. The stock has a market cap of $9.02 billion, a P/E ratio of 50.53, a PEG ratio of 2.38 and a beta of 1.33. The business has a 50 day simple moving average of $100.31 and a 200-day simple moving average of $100.00. Planet Fitness, Inc. has a 52 week low of $68.75 and a 52 week high of $110.00.

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