AMJ Financial Wealth Management Takes $495,000 Position in Planet Fitness, Inc. (NYSE:PLNT)

AMJ Financial Wealth Management bought a new stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,010 shares of the company's stock, valued at approximately $495,000.

A number of other large investors have also modified their holdings of PLNT. UMB Bank n.a. boosted its holdings in Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares during the last quarter. R Squared Ltd bought a new stake in shares of Planet Fitness in the 4th quarter worth about $39,000. Proficio Capital Partners LLC bought a new stake in shares of Planet Fitness in the 4th quarter worth about $51,000. Point72 Hong Kong Ltd bought a new position in shares of Planet Fitness during the third quarter worth about $200,000. Finally, Beaumont Financial Advisors LLC acquired a new position in Planet Fitness in the fourth quarter worth about $202,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Planet Fitness Price Performance

Shares of PLNT traded up $3.08 during mid-day trading on Friday, hitting $97.41. The company's stock had a trading volume of 1,744,965 shares, compared to its average volume of 1,678,058. The firm has a 50-day moving average price of $101.67 and a 200 day moving average price of $92.75. Planet Fitness, Inc. has a fifty-two week low of $54.35 and a fifty-two week high of $110.00. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 2.45 and a beta of 1.54.

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Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $340.50 million for the quarter, compared to analysts' expectations of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm's revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, equities analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on PLNT shares. Royal Bank of Canada restated an "outperform" rating and issued a $120.00 target price on shares of Planet Fitness in a research note on Monday, February 24th. Stifel Nicolaus lowered their price objective on Planet Fitness from $90.00 to $82.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Guggenheim reiterated a "buy" rating and issued a $105.00 target price on shares of Planet Fitness in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, DA Davidson reiterated a "neutral" rating and issued a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Five equities 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.00.

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.