Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,699 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,147 shares of the company's stock after buying an additional 5,699 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Planet Fitness were worth $2,091,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PLNT. Personal CFO Solutions LLC acquired a new position in Planet Fitness during the fourth quarter valued at approximately $210,000. Lisanti Capital Growth LLC grew its holdings in Planet Fitness by 2.5% during the fourth 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 period. Raymond James Financial Inc. acquired a new position in Planet Fitness during the fourth quarter valued at approximately $2,988,000. Proficio Capital Partners LLC acquired a new position in Planet Fitness during the fourth quarter valued at approximately $51,000. Finally, AMJ Financial Wealth Management acquired a new position in Planet Fitness during the fourth quarter valued at approximately $495,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a report on Monday, February 24th. Roth Mkm reiterated a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. DA Davidson reiterated a "neutral" rating and issued a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Guggenheim reissued a "buy" rating and issued a $105.00 price objective on shares of Planet Fitness in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group initiated coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 price objective on the stock. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $100.17.

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Planet Fitness Trading Down 0.4 %

NYSE PLNT traded down $0.43 during mid-day trading on Thursday, hitting $100.25. The company's stock had a trading volume of 1,072,302 shares, compared to its average volume of 1,455,900. The company's 50 day simple moving average is $101.01 and its 200 day simple moving average is $93.79. Planet Fitness, Inc. has a twelve month low of $54.35 and a twelve month high of $110.00. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 53.90, a PEG ratio of 2.45 and a beta of 1.54.

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 business had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. Planet Fitness's revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. As a group, research analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current 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.