Planet Fitness, Inc. (NYSE:PLNT) Shares Bought by Chicago Capital LLC

Chicago Capital LLC increased its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 35.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,154 shares of the company's stock after buying an additional 2,651 shares during the period. Chicago Capital LLC's holdings in Planet Fitness were worth $981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake 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 during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Planet Fitness by 291.0% in the 1st quarter. Farther Finance Advisors LLC now owns 520 shares of the company's stock valued at $50,000 after buying an additional 387 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Planet Fitness in the 4th quarter worth approximately $51,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of 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 buying an additional 490 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Planet Fitness during the 4th quarter worth approximately $57,000. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Stock Up 4.8%

Shares of PLNT stock traded up $4.93 on Thursday, hitting $107.60. The company had a trading volume of 2,439,983 shares, compared to its average volume of 1,385,833. The firm has a market cap of $9.06 billion, a P/E ratio of 50.76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.33. Planet Fitness, Inc. has a twelve month low of $68.75 and a twelve month high of $110.00. The company has a 50-day moving average price of $100.12 and a 200-day moving average price of $99.94.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) 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 firm had revenue of $276.66 million for the quarter, compared to analysts' expectations of $279.80 million. During the same period in the previous year, the company earned $0.53 earnings per share. The company's revenue was up 11.6% compared to the same quarter last year. Equities research analysts expect that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analysts Forecast Growth

PLNT has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Guggenheim reaffirmed a "buy" rating and set a $110.00 target price on shares of Planet Fitness in a research report on Monday, May 12th. Roth Mkm reiterated a "buy" rating and issued a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. Macquarie restated a "neutral" rating and set a $95.00 price objective on shares of Planet Fitness in a report on Tuesday, May 13th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Planet Fitness and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $105.76.

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.