Lisanti Capital Growth LLC Invests $5.21 Million in Planet Fitness, Inc. (NYSE:PLNT)

Lisanti Capital Growth LLC purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 64,095 shares of the company's stock, valued at approximately $5,206,000. Planet Fitness accounts for about 1.3% of Lisanti Capital Growth LLC's holdings, making the stock its 23rd biggest holding. Lisanti Capital Growth LLC owned 0.08% of Planet Fitness as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Planet Fitness by 478.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company's stock worth $28,000 after buying an additional 316 shares in the last quarter. LRI Investments LLC increased its position in Planet Fitness by 61.2% during the second quarter. LRI Investments LLC now owns 403 shares of the company's stock valued at $30,000 after acquiring an additional 153 shares during the last quarter. Quarry LP boosted its position in shares of Planet Fitness by 174.7% during the second quarter. Quarry LP now owns 500 shares of the company's stock valued at $37,000 after buying an additional 318 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Planet Fitness by 69.8% during the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company's stock valued at $40,000 after buying an additional 201 shares during the last quarter. Finally, Dnca Finance bought a new position in Planet Fitness in the 2nd quarter valued at $82,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PLNT. Robert W. Baird raised their price objective on Planet Fitness from $92.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday. Macquarie reaffirmed a "neutral" rating and issued a $99.00 price objective (up previously from $91.00) on shares of Planet Fitness in a research report on Friday. Royal Bank of Canada raised their target price on shares of Planet Fitness from $87.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday. Bank of America increased their price objective on Planet Fitness from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, September 6th. Finally, Roth Mkm lifted their price target on Planet Fitness from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.81.

Planet Fitness Price Performance

Shares of PLNT stock traded down $0.09 during midday trading on Monday, reaching $95.22. 1,053,781 shares of the company traded hands, compared to its average volume of 1,552,894. The firm's 50 day simple moving average is $81.75 and its two-hundred day simple moving average is $74.97. The firm has a market cap of $8.11 billion, a PE ratio of 51.24, a price-to-earnings-growth ratio of 3.18 and a beta of 1.49. Planet Fitness, Inc. has a 1-year low of $54.35 and a 1-year high of $98.59.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. The business had revenue of $292.20 million for the quarter, compared to analyst estimates of $283.79 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. As a group, research analysts anticipate that Planet Fitness, Inc. will post 2.47 earnings per share for the current fiscal year.

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.