Zions Bancorporation N.A. Has $2.30 Million Stake in Planet Fitness, Inc. (NYSE:PLNT)

Zions Bancorporation N.A. boosted its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,266 shares of the company's stock after acquiring an additional 4,040 shares during the period. Zions Bancorporation N.A.'s holdings in Planet Fitness were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Planet Fitness by 67.4% during the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the period. R Squared Ltd acquired a new stake in shares of Planet Fitness during the fourth quarter worth $39,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock valued at $53,000 after acquiring an additional 490 shares during the period. Beaumont Financial Advisors LLC acquired a new position in shares of Planet Fitness in the fourth quarter valued at about $202,000. Finally, GAMMA Investing LLC increased its position in Planet Fitness by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 2,090 shares of the company's stock worth $207,000 after acquiring an additional 192 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLNT shares. Piper Sandler increased their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Canaccord Genuity Group initiated coverage on Planet Fitness in a research report on Thursday, March 13th. They set a "buy" rating and a $120.00 price target on the stock. DA Davidson reaffirmed a "neutral" rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Stifel Nicolaus reduced their target price on Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Finally, Macquarie dropped their price target on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $100.17.

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Planet Fitness Stock Down 3.0 %

Shares of NYSE:PLNT traded down $3.02 during trading on Friday, hitting $96.18. 957,066 shares of the company were exchanged, compared to its average volume of 1,458,929. Planet Fitness, Inc. has a 1-year low of $57.64 and a 1-year high of $110.00. The company has a market capitalization of $8.14 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. The business's 50 day moving average is $100.46 and its 200-day moving average is $94.73.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) 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 business had revenue of $340.50 million during the quarter, compared to analysts' expectations of $324.57 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current 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.