TD Asset Management Inc increased its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 581,835 shares of the company's stock after purchasing an additional 36,763 shares during the period. TD Asset Management Inc owned 0.69% of Planet Fitness worth $63,449,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in PLNT. Game Plan Financial Advisors LLC purchased a new stake in Planet Fitness in the 2nd quarter valued at about $25,000. Brooklyn Investment Group boosted its position in shares of Planet Fitness by 57.8% in the first quarter. Brooklyn Investment Group now owns 322 shares of the company's stock worth $31,000 after acquiring an additional 118 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in 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 purchasing an additional 242 shares during the period. Farther Finance Advisors LLC grew its holdings in Planet Fitness by 291.0% in the first quarter. Farther Finance Advisors LLC now owns 520 shares of the company's stock valued at $50,000 after purchasing an additional 387 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Planet Fitness during the first quarter worth approximately $65,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.
Planet Fitness Price Performance
Shares of PLNT opened at $94.20 on Thursday. Planet Fitness, Inc. has a 12 month low of $77.77 and a 12 month high of $114.47. The stock's 50-day moving average is $102.51 and its two-hundred day moving average is $102.63. The stock has a market cap of $7.93 billion, a PE ratio of 41.87, a P/E/G ratio of 2.11 and a beta of 1.38.
Planet Fitness (NYSE:PLNT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $340.88 million for the quarter, compared to the consensus estimate of $329.59 million. Planet Fitness had a negative return on equity of 110.18% and a net margin of 15.11%.The company's revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. On average, research analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $126.00 price target on shares of Planet Fitness in a report on Monday, September 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Planet Fitness in a research report on Wednesday, October 8th. Raymond James Financial reissued a "strong-buy" rating on shares of Planet Fitness in a research report on Thursday, August 7th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Planet Fitness in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $111.54.
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About Planet Fitness
(
Free Report)
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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