Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Planet Fitness (NYSE:PLNT) Stock Price

Planet Fitness (NYSE:PLNT) had its price target dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $98.00 to $61.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 33.73% from the stock’s previous close.

PLNT has been the topic of several other research reports. Canaccord Genuity Group cut their price objective on Planet Fitness from $128.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. William Blair cut shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a report on Thursday. Morgan Stanley lowered shares of Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 price objective for the company. in a report on Friday. Stifel Nicolaus lowered their price objective on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, Guggenheim dropped their target price on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.09.

Planet Fitness Price Performance

Shares of PLNT traded up $1.60 during midday trading on Friday, hitting $45.61. The stock had a trading volume of 2,945,635 shares, compared to its average volume of 1,991,793. The stock’s 50 day moving average is $73.19 and its 200 day moving average is $91.18. The firm has a market cap of $3.65 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. Planet Fitness has a 1 year low of $37.03 and a 1 year high of $114.47.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The company had revenue of $337.24 million for the quarter, compared to analyst estimates of $298.60 million. During the same period in the prior year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, equities research analysts expect that Planet Fitness will post 3.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Planet Fitness

Several institutional investors have recently bought and sold shares of PLNT. Goldman Sachs Group Inc. raised its stake in Planet Fitness by 1.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after buying an additional 24,981 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Planet Fitness in the 1st quarter valued at $1,891,000. EverSource Wealth Advisors LLC raised its position in shares of Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after acquiring an additional 214 shares in the last quarter. First Trust Advisors LP boosted its position in Planet Fitness by 25.8% during the second quarter. First Trust Advisors LP now owns 142,689 shares of the company’s stock valued at $15,560,000 after purchasing an additional 29,305 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Planet Fitness in the second quarter valued at about $267,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

More Planet Fitness News

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: Q1 beat — Planet Fitness reported $0.74 EPS vs. $0.63 consensus and revenue of $337.24M (above estimates); systemwide same‑club sales rose and memberships ended the quarter near 21.5M, showing underlying demand. PR Newswire: Q1 Results
• Neutral Sentiment: Analysts and media are re‑examining PLNT’s valuation after the guidance cut and weaker membership commentary; coverage is exploring whether the miss is cyclical or structural. Yahoo Finance: Valuation After Guidance Cut
• Neutral Sentiment: Headline pieces note PLNT among stocks hitting 52‑week lows as investors react to recent developments. MSN: 52-Week Low Coverage
• Negative Sentiment: Guidance cut and canceled price hikes — management lowered FY‑2026 EPS guidance to $3.19 (below consensus ~3.37) and said planned membership price increases were canceled after a weak sign‑up period, prompting investor concern about near‑term growth and pricing power. CNBC: Guidance Cut, Canceled Price Hikes
• Negative Sentiment: Shares plunged intra‑day (trading volatility and a temporary LULD pause were reported) as the market focused on the weaker outlook despite the beat. Benzinga: Shares Fall >30%
• Negative Sentiment: Analyst reactions — Bank of America kept a “neutral” rating but slashed its price target to $59 from $110; William Blair downgraded to market perform and other firms trimmed targets, increasing sell pressure. Benzinga: BofA PT Cut
• Negative Sentiment: Shareholder investigations — law firms Ademi LLP and Johnson Fistel have opened probes into potential securities claims related to Planet Fitness’s disclosures, which adds legal and reputational risk. PR Newswire: Ademi LLP Investigation GlobeNewswire: Johnson Fistel Notice

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.