Planet Fitness Target of Unusually Large Options Trading (NYSE:PLNT)

Planet Fitness, Inc. (NYSE:PLNT - Get Free Report) was the target of unusually large options trading on Monday. Investors bought 7,472 call options on the company. This is an increase of 106% compared to the typical daily volume of 3,631 call options.

Analyst Ratings Changes

A number of equities analysts have weighed in on PLNT shares. StockNews.com raised shares of Planet Fitness from a "sell" rating to a "hold" rating in a research note on Wednesday, April 10th. Morgan Stanley restated an "overweight" rating and issued a $79.00 price objective on shares of Planet Fitness in a research report on Monday, April 1st. JPMorgan Chase & Co. cut their price objective on Planet Fitness from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Monday, February 26th. Stifel Nicolaus reduced their target price on shares of Planet Fitness from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, February 23rd. Finally, Royal Bank of Canada increased their price objective on shares of Planet Fitness from $74.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.00.

Planet Fitness Stock Performance

Shares of Planet Fitness stock traded down $0.19 during trading on Monday, reaching $60.08. The company had a trading volume of 1,667,411 shares, compared to its average volume of 1,666,418. Planet Fitness has a fifty-two week low of $44.13 and a fifty-two week high of $84.48. The firm's fifty day moving average is $61.89 and its 200-day moving average is $64.95. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 1.96 and a beta of 1.39.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Planet Fitness had a negative return on equity of 120.89% and a net margin of 12.91%. The firm had revenue of $285.10 million for the quarter, compared to analysts' expectations of $282.35 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Planet Fitness's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, research analysts anticipate that Planet Fitness will post 2.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Asset Management One Co. Ltd. increased its stake in shares of Planet Fitness by 17.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 999 shares of the company's stock valued at $73,000 after acquiring an additional 148 shares during the period. Amalgamated Bank increased its holdings in shares of Planet Fitness by 0.3% in the fourth quarter. Amalgamated Bank now owns 57,570 shares of the company's stock valued at $4,203,000 after buying an additional 179 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Planet Fitness by 2.8% in the 4th quarter. Teacher Retirement System of Texas now owns 6,764 shares of the company's stock valued at $494,000 after purchasing an additional 182 shares during the period. Treasurer of the State of North Carolina raised its stake in Planet Fitness by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 37,433 shares of the company's stock valued at $1,841,000 after purchasing an additional 190 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Planet Fitness by 24.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,006 shares of the company's stock valued at $73,000 after purchasing an additional 197 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

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.