Swiss National Bank Has $12.17 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Swiss National Bank lowered its stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,685 shares of the company's stock after selling 20,100 shares during the period. Swiss National Bank owned approximately 0.19% of Planet Fitness worth $12,168,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in Planet Fitness by 679.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 31,978 shares of the company's stock worth $1,573,000 after acquiring an additional 27,877 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Planet Fitness by 7.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 71,355 shares of the company's stock worth $3,509,000 after purchasing an additional 4,863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Planet Fitness by 29.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,823 shares of the company's stock worth $877,000 after purchasing an additional 4,080 shares during the last quarter. Sandy Spring Bank boosted its stake in Planet Fitness by 125.0% during the 3rd quarter. Sandy Spring Bank now owns 4,500 shares of the company's stock valued at $221,000 after purchasing an additional 2,500 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Planet Fitness by 4.1% during the third quarter. California Public Employees Retirement System now owns 155,207 shares of the company's stock worth $7,633,000 after buying an additional 6,098 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

PLNT has been the topic of several research analyst reports. DA Davidson restated a "neutral" rating and issued a $62.00 price objective on shares of Planet Fitness in a research note on Thursday. Morgan Stanley restated an "overweight" rating and issued a $79.00 price target on shares of Planet Fitness in a research report on Monday, April 1st. Raymond James upped their price objective on shares of Planet Fitness from $75.00 to $80.00 and gave the company a "strong-buy" rating in a research report on Friday. Royal Bank of Canada decreased their target price on Planet Fitness from $80.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Robert W. Baird upped their price target on Planet Fitness from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.43.

Planet Fitness Stock Down 0.6 %

PLNT stock traded down $0.37 during midday trading on Friday, reaching $64.95. The company's stock had a trading volume of 2,388,512 shares, compared to its average volume of 2,050,491. The business's 50-day simple moving average is $61.54 and its 200-day simple moving average is $65.44. The stock has a market cap of $5.73 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.37. Planet Fitness, Inc. has a 52 week low of $44.13 and a 52 week high of $75.86.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $249.48 million. Planet Fitness had a negative return on equity of 140.14% and a net margin of 13.66%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. As a group, equities analysts forecast that Planet Fitness, Inc. will post 2.41 earnings per share for the current fiscal year.

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.