Swiss National Bank Cuts Stake in Planet Fitness, Inc. (NYSE:PLNT)

Swiss National Bank cut its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,385 shares of the company's stock after selling 4,500 shares during the quarter. Swiss National Bank owned 0.20% of Planet Fitness worth $16,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Wealthfront Advisers LLC purchased a new stake in Planet Fitness during the 4th quarter valued at about $3,741,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Planet Fitness by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,147 shares of the company's stock valued at $2,091,000 after purchasing an additional 5,699 shares during the last quarter. Personal CFO Solutions LLC bought a new position in Planet Fitness during the 4th quarter valued at approximately $210,000. Lisanti Capital Growth LLC raised its position in Planet Fitness by 2.5% during the 4th quarter. Lisanti Capital Growth LLC now owns 65,670 shares of the company's stock valued at $6,493,000 after purchasing an additional 1,575 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Planet Fitness during the 4th quarter valued at approximately $2,988,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Trading Down 0.0 %

NYSE PLNT traded down $0.02 on Friday, reaching $100.31. 2,407,719 shares of the stock were exchanged, compared to its average volume of 1,442,664. Planet Fitness, Inc. has a one year low of $57.31 and a one year high of $110.00. The firm has a market capitalization of $8.49 billion, a PE ratio of 53.93, a PEG ratio of 2.45 and a beta of 1.54. The company's 50-day simple moving average is $100.97 and its two-hundred day simple moving average is $93.97.

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Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The business had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same period last year, the firm posted $0.60 EPS. The company's revenue was up 19.4% on a year-over-year basis. Sell-side analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Roth Mkm reaffirmed a "buy" rating and set a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price target 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. Macquarie decreased their target price on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 target price on shares of Planet Fitness in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Planet Fitness has a consensus rating of "Moderate Buy" and a consensus price target of $100.17.

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.