Vanguard Personalized Indexing Management LLC Boosts Position in Planet Fitness, Inc. $PLNT

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 22.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,468 shares of the company’s stock after buying an additional 1,541 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Planet Fitness were worth $923,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PLNT. Farther Finance Advisors LLC increased its stake in shares of Planet Fitness by 291.0% during the first quarter. Farther Finance Advisors LLC now owns 520 shares of the company’s stock valued at $50,000 after buying an additional 387 shares during the period. GAMMA Investing LLC increased its stake in shares of Planet Fitness by 7.4% during the first quarter. GAMMA Investing LLC now owns 2,245 shares of the company’s stock valued at $217,000 after buying an additional 155 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Planet Fitness by 15.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,095 shares of the company’s stock valued at $299,000 after buying an additional 418 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Planet Fitness during the first quarter valued at approximately $206,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Planet Fitness by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 9,865 shares of the company’s stock valued at $953,000 after purchasing an additional 265 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Trading Up 1.7%

Planet Fitness stock opened at $94.20 on Monday. The business’s fifty day simple moving average is $102.00 and its two-hundred day simple moving average is $102.65. Planet Fitness, Inc. has a 12 month low of $77.77 and a 12 month high of $114.47. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38.

Planet Fitness (NYSE:PLNT) last released its earnings results on Wednesday, August 6th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Planet Fitness had a negative return on equity of 110.18% and a net margin of 15.11%.The business had revenue of $340.88 million for the quarter, compared to the consensus estimate of $329.59 million. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Analysts Set New Price Targets

PLNT has been the topic of several recent research reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Planet Fitness in a research note on Thursday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Planet Fitness in a research note on Wednesday, September 24th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $126.00 price target on shares of Planet Fitness in a research note on Monday, September 15th. UBS Group initiated coverage on Planet Fitness in a research note on Friday. They issued a “buy” rating and a $125.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Planet Fitness in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Planet Fitness has an average rating of “Moderate Buy” and an average target price of $112.50.

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.