Oppenheimer & Co. Inc. Has $1.48 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Oppenheimer & Co. Inc. decreased its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 6.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,188 shares of the company’s stock after selling 1,200 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Planet Fitness were worth $1,477,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in shares of Planet Fitness in the third quarter valued at approximately $1,031,000. Lisanti Capital Growth LLC acquired a new position in Planet Fitness in the 3rd quarter valued at $5,206,000. Crossmark Global Holdings Inc. lifted its position in shares of Planet Fitness by 8.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,256 shares of the company’s stock valued at $508,000 after acquiring an additional 508 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Planet Fitness by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company’s stock worth $247,000 after purchasing an additional 132 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Planet Fitness in the third quarter worth $13,592,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Planet Fitness from $87.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Roth Mkm increased their price target on shares of Planet Fitness from $73.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Planet Fitness in a research report on Friday, September 27th. They set a “hold” rating and a $71.00 price objective for the company. Raymond James raised their target price on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus boosted their price target on Planet Fitness from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.81.

Planet Fitness Price Performance

PLNT opened at $95.27 on Monday. Planet Fitness, Inc. has a fifty-two week low of $54.35 and a fifty-two week high of $98.59. The company’s 50 day moving average price is $83.25 and its two-hundred day moving average price is $76.24. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 51.22, a PEG ratio of 3.17 and a beta of 1.49.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $292.20 million for the quarter, compared to analysts’ expectations of $283.79 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. Planet Fitness’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, equities research analysts predict that Planet Fitness, Inc. will post 2.5 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.