Planet Fitness (NYSE:PLNT) Price Target Cut to $98.00 by Analysts at Deutsche Bank Aktiengesellschaft

Planet Fitness (NYSE:PLNT) had its price objective cut by Deutsche Bank Aktiengesellschaft from $115.00 to $98.00 in a report released on Thursday morning,MarketScreener reports. They currently have a hold rating on the stock.

Several other research analysts also recently weighed in on PLNT. Jefferies Financial Group reaffirmed a “buy” rating and set a $175.00 target price on shares of Planet Fitness in a research note on Tuesday. UBS Group restated a “buy” rating on shares of Planet Fitness in a report on Friday, January 9th. Macquarie Infrastructure decreased their target price on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Morgan Stanley boosted their price objective on Planet Fitness from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Piper Sandler lowered Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.58.

Planet Fitness Stock Performance

Planet Fitness stock traded down $1.43 during midday trading on Thursday, hitting $82.34. 1,855,267 shares of the company were exchanged, compared to its average volume of 2,027,774. The business has a fifty day simple moving average of $97.15 and a two-hundred day simple moving average of $100.89. The firm has a market capitalization of $6.86 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. Planet Fitness has a fifty-two week low of $79.18 and a fifty-two week high of $114.47.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The business had revenue of $376.26 million for the quarter, compared to analyst estimates of $366.48 million. Planet Fitness had a negative return on equity of 97.97% and a net margin of 16.55%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. As a group, equities analysts expect that Planet Fitness will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On Planet Fitness

Institutional investors have recently modified their holdings of the business. Coastline Complete Wealth LLC acquired a new stake in shares of Planet Fitness in the 4th quarter worth $2,815,000. Pacer Advisors Inc. increased its stake in shares of Planet Fitness by 18.2% during the fourth quarter. Pacer Advisors Inc. now owns 13,073 shares of the company’s stock worth $1,418,000 after acquiring an additional 2,013 shares during the period. Virtu Financial LLC purchased a new position in Planet Fitness during the fourth quarter worth about $663,000. T. Rowe Price Investment Management Inc. lifted its position in Planet Fitness by 1.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,236,173 shares of the company’s stock valued at $1,001,848,000 after purchasing an additional 149,503 shares during the period. Finally, Corient Private Wealth LLC lifted its position in Planet Fitness by 87.4% in the fourth quarter. Corient Private Wealth LLC now owns 9,347 shares of the company’s stock valued at $1,014,000 after purchasing an additional 4,360 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.