Quadrant Capital Group LLC Purchases 743 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Quadrant Capital Group LLC grew its position in Planet Fitness, Inc. (NYSE:PLNT) by 169.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,181 shares of the company’s stock after acquiring an additional 743 shares during the quarter. Quadrant Capital Group LLC’s holdings in Planet Fitness were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PLNT. Janney Montgomery Scott LLC increased its holdings in shares of Planet Fitness by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,214 shares of the company’s stock worth $1,184,000 after buying an additional 198 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Planet Fitness during the fourth quarter valued at approximately $565,000. Principal Financial Group Inc. raised its position in Planet Fitness by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 324,737 shares of the company’s stock valued at $23,706,000 after purchasing an additional 2,443 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Planet Fitness by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 897,910 shares of the company’s stock valued at $65,549,000 after purchasing an additional 133,541 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Planet Fitness by 2.8% in the 4th quarter. Teacher Retirement System of Texas now owns 6,764 shares of the company’s stock worth $494,000 after purchasing an additional 182 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

PLNT has been the topic of several recent research reports. Raymond James increased their price target on Planet Fitness from $75.00 to $80.00 and gave the company a “strong-buy” rating in a report on Friday, May 10th. Robert W. Baird raised their price objective on shares of Planet Fitness from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. raised Planet Fitness from a “neutral” rating to an “overweight” rating and upped their target price for the company from $68.00 to $78.00 in a research note on Tuesday, May 14th. Royal Bank of Canada decreased their price target on Planet Fitness from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $62.00 price objective on shares of Planet Fitness in a research report on Thursday, May 9th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.86.

Planet Fitness Stock Performance

NYSE PLNT opened at $63.55 on Friday. The company’s 50-day simple moving average is $61.84 and its two-hundred day simple moving average is $65.99. Planet Fitness, Inc. has a one year low of $44.13 and a one year high of $75.86. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 2.13 and a beta of 1.37.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $249.48 million. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. Planet Fitness’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Equities analysts expect that Planet Fitness, Inc. will post 2.43 earnings per share 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.