Csenge Advisory Group Acquires New Stake in Planet Fitness, Inc. (NYSE:PLNT)

Csenge Advisory Group purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,351 shares of the company's stock, valued at approximately $596,000.

Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Planet Fitness during the 4th quarter worth $11,963,000. Freestone Grove Partners LP purchased a new stake in Planet Fitness in the 4th quarter worth about $25,676,000. Jump Financial LLC purchased a new stake in Planet Fitness in the 4th quarter worth about $965,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Planet Fitness in the 4th quarter worth about $3,378,000. Finally, KBC Group NV increased its holdings in Planet Fitness by 13.7% in the 1st quarter. KBC Group NV now owns 3,503 shares of the company's stock worth $338,000 after acquiring an additional 422 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

PLNT has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $120.00 target price on Planet Fitness and gave the company a "buy" rating in a report on Thursday, May 22nd. Guggenheim reissued a "buy" rating and set a $110.00 price objective on shares of Planet Fitness in a report on Monday, May 12th. Morgan Stanley boosted their price objective on Planet Fitness from $111.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. BMO Capital Markets lifted their price objective on Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Finally, Macquarie reissued a "neutral" rating and set a $95.00 price objective on shares of Planet Fitness in a research note on Tuesday, May 13th. 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.63.

Planet Fitness Trading Down 0.2%

PLNT traded down $0.21 on Thursday, hitting $112.79. 293,470 shares of the company's stock traded hands, compared to its average volume of 1,505,891. The company's 50 day simple moving average is $106.15 and its 200-day simple moving average is $101.41. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 2.54 and a beta of 1.33. Planet Fitness, Inc. has a one year low of $68.75 and a one year high of $114.47.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $279.80 million. During the same period in the previous year, the firm earned $0.53 EPS. The business's revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

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.