Vanguard Personalized Indexing Management LLC Buys 1,541 Shares of Planet Fitness, Inc. $PLNT

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

Several other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its holdings in shares of Planet Fitness by 358.0% in the 1st quarter. Invesco Ltd. now owns 2,211,139 shares of the company’s stock valued at $213,618,000 after acquiring an additional 1,728,407 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Planet Fitness by 62.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,289,606 shares of the company’s stock valued at $317,810,000 after acquiring an additional 1,268,262 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of Planet Fitness by 61.1% in the 1st quarter. Ninety One UK Ltd now owns 2,124,679 shares of the company’s stock valued at $205,265,000 after acquiring an additional 806,023 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Planet Fitness in the 1st quarter valued at about $54,384,000. Finally, Junto Capital Management LP purchased a new stake in shares of Planet Fitness in the 1st quarter valued at about $52,580,000. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Price Performance

Shares of Planet Fitness stock opened at $94.20 on Monday. The business’s 50 day simple moving average is $102.00 and its two-hundred day simple moving average is $102.65. The stock has a market capitalization of $7.93 billion, a P/E ratio of 41.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. Planet Fitness, Inc. has a one year low of $77.77 and a one year high of $114.47.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.86 EPS 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 analysts’ expectations of $329.59 million. Planet Fitness had a negative return on equity of 110.18% and a net margin of 15.11%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Sell-side analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group assumed coverage on Planet Fitness in a report on Friday. They issued a “buy” rating and a $125.00 price target on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Planet Fitness in a report on Thursday, August 7th. Jefferies Financial Group restated a “buy” rating on shares of Planet Fitness in a research report on Wednesday, September 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Planet Fitness in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $126.00 target price on shares of Planet Fitness in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Planet Fitness currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.50.

About Planet Fitness

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.