Planet Fitness (NYSE:PLNT) Updates FY 2026 Earnings Guidance

Planet Fitness (NYSE:PLNT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.190-3.190 for the period, compared to the consensus earnings per share estimate of 3.370. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Planet Fitness Stock Up 4.3%

Shares of NYSE PLNT traded up $1.89 during trading on Friday, hitting $45.90. 6,155,181 shares of the company traded hands, compared to its average volume of 2,028,108. Planet Fitness has a 1 year low of $37.03 and a 1 year high of $114.47. The company has a 50-day moving average price of $73.19 and a 200-day moving average price of $91.18. The firm has a market capitalization of $3.67 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.11 and a beta of 1.12.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $298.60 million. During the same period in the previous year, the company earned $0.59 EPS. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Research analysts predict that Planet Fitness will post 3.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on PLNT shares. Piper Sandler lowered shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday, February 27th. Macquarie Infrastructure lowered their price target on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. UBS Group reissued a “buy” rating on shares of Planet Fitness in a research report on Wednesday, March 18th. Bank of America restated a “neutral” rating and set a $59.00 price objective (down from $110.00) on shares of Planet Fitness in a research note on Friday. Finally, Jefferies Financial Group set a $133.00 target price on Planet Fitness in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and an average target price of $81.32.

Key Planet Fitness News

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

• Positive Sentiment: Planet Fitness beat Q1 expectations, reporting $0.74 EPS versus the $0.63 consensus and revenue of $337.24 million versus $298.60 million, with same-club sales up 3.5% and total membership reaching about 21.5 million.
• Positive Sentiment: Some analysts still see upside: Guggenheim kept a Buy rating despite lowering its target, and several firms maintained neutral-to-positive views after the results.
• Neutral Sentiment: Analyst sentiment shifted lower overall, with Deutsche Bank, Morgan Stanley, Bank of America, William Blair, and Robert W. Baird all reducing price targets or downgrading the stock, reflecting a more cautious outlook on near-term execution. Article Title
• Negative Sentiment: The main selloff driver was management’s weaker 2026 outlook: Planet Fitness cut full-year EPS guidance below expectations and said signups were softer than expected, especially during its key New Year enrollment period.
• Negative Sentiment: Investors also reacted negatively to the cancellation of planned price hikes, which raised concern that the company may be prioritizing retention over pricing power.
• Negative Sentiment: Additional pressure came from securities-fraud investigations and bearish commentary from Seeking Alpha and other outlets, which added to concerns that the post-earnings reset may not be over. Article Title

Hedge Funds Weigh In On Planet Fitness

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Planet Fitness by 184.5% in the second 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. Los Angeles Capital Management LLC purchased a new stake in Planet Fitness during the 4th quarter worth approximately $41,000. Danske Bank A S acquired a new position in shares of Planet Fitness in the 3rd quarter valued at approximately $52,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Planet Fitness by 6,588.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 602 shares of the company’s stock valued at $62,000 after buying an additional 593 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Planet Fitness by 300.9% during the 4th quarter. Parallel Advisors LLC now owns 930 shares of the company’s stock valued at $101,000 after buying an additional 698 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.