Planet Fitness, Inc. (NYSE:PLNT) Position Raised by Whittier Trust Co.

Whittier Trust Co. raised its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,355 shares of the company's stock after acquiring an additional 2,394 shares during the period. Whittier Trust Co. owned approximately 0.12% of Planet Fitness worth $10,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Planet Fitness by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company's stock valued at $794,496,000 after acquiring an additional 39,928 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Planet Fitness by 48.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock worth $782,169,000 after buying an additional 2,570,826 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Planet Fitness by 1.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company's stock worth $356,841,000 after buying an additional 36,803 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of Planet Fitness by 61.1% in the 1st quarter. Ninety One UK Ltd now owns 2,124,679 shares of the company's stock worth $205,265,000 after buying an additional 806,023 shares in the last quarter. Finally, Anomaly Capital Management LP lifted its holdings in Planet Fitness by 20.3% in the 4th quarter. Anomaly Capital Management LP now owns 1,772,593 shares of the company's stock valued at $175,256,000 after purchasing an additional 299,148 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Guggenheim reaffirmed a "buy" rating and set a $110.00 price objective on shares of Planet Fitness in a research note on Monday, May 12th. 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 research report on Monday, March 31st. Macquarie reissued a "neutral" rating and set a $95.00 target price on shares of Planet Fitness in a research 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 research report on Friday, May 9th. Finally, Stifel Nicolaus set a $120.00 price objective on shares of Planet Fitness and gave the company a "buy" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.63.

Planet Fitness Stock Up 0.2%

Shares of Planet Fitness stock traded up $0.20 on Thursday, hitting $109.77. 815,421 shares of the company's stock traded hands, compared to its average volume of 1,379,705. The stock has a market cap of $9.24 billion, a P/E ratio of 51.78, a PEG ratio of 2.43 and a beta of 1.33. The firm's 50-day moving average is $104.51 and its 200 day moving average is $100.99. Planet Fitness, Inc. has a 52-week low of $68.75 and a 52-week high of $113.15.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $279.80 million. During the same quarter last year, the business earned $0.53 earnings per share. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current year.

About Planet Fitness

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.