VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Planet Fitness, Inc. $PLNT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,230 shares of the company's stock, valued at approximately $1,770,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Game Plan Financial Advisors LLC bought a new stake in shares of Planet Fitness in the 2nd quarter valued at about $25,000. Brooklyn Investment Group increased its stake in shares of Planet Fitness by 57.8% in the 1st quarter. Brooklyn Investment Group now owns 322 shares of the company's stock valued at $31,000 after acquiring an additional 118 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Planet Fitness by 187.6% in the 1st quarter. First Horizon Advisors Inc. now owns 371 shares of the company's stock valued at $36,000 after acquiring an additional 242 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Planet Fitness in the 1st quarter valued at about $65,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Planet Fitness by 48.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 773 shares of the company's stock valued at $84,000 after acquiring an additional 253 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Planet Fitness Stock Up 0.3%

NYSE:PLNT opened at $96.77 on Thursday. Planet Fitness, Inc. has a twelve month low of $77.77 and a twelve month high of $114.47. The business has a 50 day moving average price of $101.39 and a two-hundred day moving average price of $102.59. The company has a market cap of $8.15 billion, a P/E ratio of 43.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. Planet Fitness had a negative return on equity of 110.18% and a net margin of 15.11%.The firm had revenue of $340.88 million during the quarter, compared to the consensus estimate of $329.59 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The business's revenue was up 13.3% on a year-over-year basis. As a group, analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PLNT. Weiss Ratings reissued a "buy (b-)" rating on shares of Planet Fitness in a research note on Wednesday, October 8th. Canaccord Genuity Group reissued a "buy" rating and set a $126.00 target price on shares of Planet Fitness in a research note on Monday, September 15th. Raymond James Financial reissued a "strong-buy" rating on shares of Planet Fitness in a research note on Thursday, August 7th. UBS Group began coverage on Planet Fitness in a research note on Friday, October 17th. They set a "buy" rating and a $125.00 target price for the company. Finally, Jefferies Financial Group reissued 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, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.50.

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.

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