Jump Financial LLC Takes $965,000 Position in Planet Fitness, Inc. (NYSE:PLNT)

Jump Financial LLC purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,758 shares of the company's stock, valued at approximately $965,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLNT. R Squared Ltd bought a new position in shares of Planet Fitness during the fourth quarter valued at approximately $39,000. UMB Bank n.a. boosted its stake in Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after purchasing an additional 157 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Planet Fitness in the fourth quarter worth approximately $51,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Planet Fitness by 1,139.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock valued at $53,000 after purchasing an additional 490 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Planet Fitness during the fourth quarter valued at $202,000. 95.53% of the stock is owned by institutional investors.

Planet Fitness Stock Down 0.9 %

Shares of NYSE PLNT opened at $93.01 on Tuesday. The business has a fifty day simple moving average of $96.28 and a two-hundred day simple moving average of $96.27. The firm has a market cap of $7.88 billion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 2.45 and a beta of 1.39. Planet Fitness, Inc. has a twelve month low of $58.23 and a twelve month high of $110.00.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. Planet Fitness's revenue was up 19.4% on a year-over-year basis. On average, research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLNT. JPMorgan Chase & Co. lifted their price objective on Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Guggenheim lifted their target price on shares of Planet Fitness from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, April 14th. DA Davidson restated a "neutral" rating and issued a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price objective on Planet Fitness from $90.00 to $82.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Finally, Roth Mkm reissued a "buy" rating and issued a $115.00 target price (up from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Planet Fitness has a consensus rating of "Moderate Buy" and an average target price of $101.72.

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.

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