Visionary Wealth Advisors Has $798,000 Position in Planet Fitness, Inc. (NYSE:PLNT)

Visionary Wealth Advisors raised its position in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,935 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Visionary Wealth Advisors’ holdings in Planet Fitness were worth $798,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Planet Fitness by 16.4% in the third quarter. Victory Capital Management Inc. now owns 14,977 shares of the company’s stock worth $737,000 after acquiring an additional 2,114 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Planet Fitness in the third quarter worth $297,000. J.P. Morgan Private Wealth Advisors LLC increased its stake in shares of Planet Fitness by 121.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 6,732 shares of the company’s stock worth $331,000 after acquiring an additional 3,697 shares during the last quarter. Swiss National Bank increased its stake in shares of Planet Fitness by 0.7% in the third quarter. Swiss National Bank now owns 186,785 shares of the company’s stock worth $9,186,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Planet Fitness by 32.6% in the third quarter. Janney Montgomery Scott LLC now owns 16,016 shares of the company’s stock worth $788,000 after acquiring an additional 3,934 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PLNT shares. Stifel Nicolaus downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating and dropped their price target for the stock from $80.00 to $70.00 in a research note on Friday, May 10th. Morgan Stanley restated an “overweight” rating and set a $79.00 price target on shares of Planet Fitness in a report on Monday, April 1st. DA Davidson reiterated a “neutral” rating and issued a $62.00 target price on shares of Planet Fitness in a research note on Thursday, May 9th. StockNews.com raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Jefferies Financial Group raised shares of Planet Fitness from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $100.00 in a research report on Monday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Check Out Our Latest Stock Report on PLNT

Planet Fitness Trading Up 0.2 %

Shares of NYSE PLNT opened at $71.40 on Wednesday. Planet Fitness, Inc. has a 1-year low of $44.13 and a 1-year high of $75.86. The firm has a market capitalization of $6.30 billion, a P/E ratio of 41.03, a P/E/G ratio of 2.39 and a beta of 1.43. The firm’s 50-day moving average price is $62.82 and its 200-day moving average price is $66.04.

Planet Fitness (NYSE:PLNT – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.49 by $0.04. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $249.48 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities research analysts forecast that Planet Fitness, Inc. will post 2.42 EPS for the current year.

Planet Fitness Company Profile

(Free Report)

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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