Oak Thistle LLC Buys 7,483 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Oak Thistle LLC grew its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 39.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,561 shares of the company's stock after acquiring an additional 7,483 shares during the quarter. Oak Thistle LLC's holdings in Planet Fitness were worth $2,566,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. lifted its position in Planet Fitness by 187.6% during the first quarter. First Horizon Advisors Inc. now owns 371 shares of the company's stock worth $36,000 after purchasing an additional 242 shares during the period. CoreCap Advisors LLC lifted its position in Planet Fitness by 1,250.0% during the fourth quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock worth $48,000 after purchasing an additional 450 shares during the period. Farther Finance Advisors LLC lifted its position in 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 stake in Planet Fitness during the fourth quarter worth about $51,000. Finally, Lazard Asset Management LLC bought a new stake in Planet Fitness during the fourth quarter worth about $57,000. Institutional investors own 95.53% of the company's stock.

Planet Fitness Trading Up 0.2%

NYSE:PLNT traded up $0.25 on Friday, reaching $112.66. 765,107 shares of the stock traded hands, compared to its average volume of 1,231,750. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 53.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.33. The company's 50 day moving average is $106.44 and its 200-day moving average is $101.49. Planet Fitness, Inc. has a 1-year low of $68.75 and a 1-year high of $114.47.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PLNT shares. Macquarie reissued a "neutral" rating and issued a $95.00 target price on shares of Planet Fitness in a report on Tuesday, May 13th. Morgan Stanley increased their target price on shares of Planet Fitness from $111.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Guggenheim reissued a "buy" rating and issued a $110.00 target price on shares of Planet Fitness in a report on Monday, May 12th. Stifel Nicolaus set a $120.00 target price on shares of Planet Fitness and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets increased their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.63.

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.