Whittier Trust Co. Has $10.08 Million Stake in Planet Fitness, Inc. (NYSE:PLNT)

Whittier Trust Co. increased its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 101,961 shares of the company’s stock after acquiring an additional 4,692 shares during the quarter. Whittier Trust Co.’s holdings in Planet Fitness were worth $10,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in Planet Fitness by 67.4% during the fourth quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the last quarter. R Squared Ltd acquired a new stake in Planet Fitness during the 4th quarter worth approximately $39,000. Proficio Capital Partners LLC bought a new stake in Planet Fitness in the 4th quarter valued at $51,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock valued at $53,000 after buying an additional 490 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Planet Fitness during the 3rd quarter worth $200,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

PLNT has been the subject of a number of recent research reports. Canaccord Genuity Group initiated coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They issued a “buy” rating and a $120.00 target price for the company. Macquarie cut their price objective on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Roth Mkm reaffirmed a “buy” rating and set a $115.00 target price (up from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $120.00 price target on shares of Planet Fitness in a research note on Monday, February 24th. Finally, Stifel Nicolaus reduced their price target on Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.17.

Planet Fitness Price Performance

Shares of NYSE:PLNT opened at $100.25 on Friday. Planet Fitness, Inc. has a one year low of $57.16 and a one year high of $110.00. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 53.90, a PEG ratio of 2.45 and a beta of 1.54. The firm has a 50 day simple moving average of $101.00 and a 200 day simple moving average of $93.84.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period in the prior year, the company earned $0.60 EPS. Planet Fitness’s revenue was up 19.4% compared to the same quarter last year. As a group, analysts expect that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Planet Fitness Company 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.