Thrivent Financial for Lutherans Has $1.61 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Thrivent Financial for Lutherans cut its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,870 shares of the company’s stock after selling 1,279 shares during the period. Thrivent Financial for Lutherans’ holdings in Planet Fitness were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Planet Fitness by 478.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $28,000 after purchasing an additional 316 shares in the last quarter. LRI Investments LLC raised its holdings in Planet Fitness by 61.2% during the 2nd quarter. LRI Investments LLC now owns 403 shares of the company’s stock worth $30,000 after buying an additional 153 shares during the period. V Square Quantitative Management LLC lifted its stake in Planet Fitness by 69.8% in the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company’s stock valued at $40,000 after buying an additional 201 shares in the last quarter. Quarry LP boosted its holdings in shares of Planet Fitness by 174.7% in the second quarter. Quarry LP now owns 500 shares of the company’s stock valued at $37,000 after buying an additional 318 shares during the period. Finally, Dnca Finance bought a new stake in shares of Planet Fitness during the second quarter worth $82,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on PLNT. Royal Bank of Canada boosted their price objective on shares of Planet Fitness from $87.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft started coverage on Planet Fitness in a report on Friday, September 27th. They issued a “hold” rating and a $71.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Planet Fitness from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. DA Davidson boosted their target price on Planet Fitness from $70.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Robert W. Baird upped their price target on Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.38.

Planet Fitness Stock Performance

Shares of PLNT stock opened at $99.55 on Friday. Planet Fitness, Inc. has a 52-week low of $54.35 and a 52-week high of $102.81. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 3.36 and a beta of 1.49. The firm’s 50-day moving average is $86.45 and its 200-day moving average is $78.41.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm had revenue of $292.20 million for the quarter, compared to analyst estimates of $283.79 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Planet Fitness, Inc. will post 2.5 EPS for the current fiscal year.

Insider Activity at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $96.20, for a total transaction of $1,101,778.60. Following the completion of the sale, the insider now directly owns 19,110 shares in the company, valued at $1,838,382. This trade represents a 37.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.94% of the stock is owned by company insiders.

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.