Allworth Financial LP Has $26,000 Stock Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Allworth Financial LP raised its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 247.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358 shares of the company’s stock after purchasing an additional 255 shares during the quarter. Allworth Financial LP’s holdings in Planet Fitness were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. lifted its holdings in Planet Fitness by 17.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock valued at $73,000 after purchasing an additional 148 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Planet Fitness by 13.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,332 shares of the company’s stock valued at $112,000 after purchasing an additional 157 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Planet Fitness by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 37,433 shares of the company’s stock valued at $1,841,000 after purchasing an additional 190 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Planet Fitness by 28.1% during the 1st quarter. First Horizon Advisors Inc. now owns 894 shares of the company’s stock valued at $69,000 after purchasing an additional 196 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Planet Fitness by 1.1% during the 3rd quarter. Royal Bank of Canada now owns 19,590 shares of the company’s stock valued at $1,129,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Stock Down 2.1 %

Planet Fitness stock opened at $61.29 on Monday. Planet Fitness, Inc. has a 12-month low of $44.13 and a 12-month high of $84.48. The business’s 50-day moving average price is $63.70 and its two-hundred day moving average price is $64.06. The stock has a market cap of $5.40 billion, a PE ratio of 37.83, a P/E/G ratio of 1.23 and a beta of 1.39.

Planet Fitness (NYSE:PLNT) last released its earnings results on Thursday, February 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Planet Fitness had a negative return on equity of 120.89% and a net margin of 12.91%. The firm had revenue of $285.10 million for the quarter, compared to analysts’ expectations of $282.35 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts expect that Planet Fitness, Inc. will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Planet Fitness from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Stifel Nicolaus dropped their target price on Planet Fitness from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 23rd. DA Davidson reissued a “neutral” rating and set a $62.00 target price on shares of Planet Fitness in a report on Monday, February 5th. JPMorgan Chase & Co. dropped their target price on Planet Fitness from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, February 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a $79.00 target price on shares of Planet Fitness in a report on Monday, April 1st. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Planet Fitness currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

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.