Yousif Capital Management LLC Has $3.10 Million Stock Holdings in Planet Fitness, Inc. $PLNT

Yousif Capital Management LLC cut its stake in Planet Fitness, Inc. (NYSE:PLNT) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,434 shares of the company’s stock after selling 693 shares during the period. Yousif Capital Management LLC’s holdings in Planet Fitness were worth $3,101,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PLNT. Farther Finance Advisors LLC raised its holdings in shares of Planet Fitness by 291.0% during the 1st quarter. Farther Finance Advisors LLC now owns 520 shares of the company’s stock worth $50,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Planet Fitness by 7.4% during the 1st quarter. GAMMA Investing LLC now owns 2,245 shares of the company’s stock worth $217,000 after buying an additional 155 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Planet Fitness by 15.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,095 shares of the company’s stock worth $299,000 after buying an additional 418 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Planet Fitness during the 1st quarter worth $206,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Planet Fitness by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 9,865 shares of the company’s stock worth $953,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PLNT shares. Raymond James Financial reissued a “strong-buy” rating on shares of Planet Fitness in a report on Thursday, August 7th. Jefferies Financial Group reissued a “buy” rating on shares of Planet Fitness in a report on Wednesday, September 24th. Canaccord Genuity Group reissued a “buy” rating and set a $126.00 price target on shares of Planet Fitness in a report on Monday, September 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Planet Fitness in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.54.

Planet Fitness Stock Down 1.9%

Shares of PLNT stock opened at $92.51 on Friday. The firm has a market capitalization of $7.79 billion, a P/E ratio of 41.12, a P/E/G ratio of 2.10 and a beta of 1.38. Planet Fitness, Inc. has a twelve month low of $77.77 and a twelve month high of $114.47. The stock’s fifty day simple moving average is $102.25 and its 200 day simple moving average is $102.60.

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