Planet Fitness, Inc. (NYSE:PLNT) Receives $77.81 Consensus PT from Brokerages

Shares of Planet Fitness, Inc. (NYSE:PLNT) have earned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $77.8056.

PLNT has been the topic of a number of analyst reports. Guggenheim lowered 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, May 8th. William Blair cut shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada decreased their price objective on Planet Fitness from $85.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Weiss Ratings lowered Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Piper Sandler cut Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday, February 27th.

Planet Fitness Stock Performance

NYSE:PLNT opened at $51.26 on Friday. The firm’s 50-day moving average is $62.65 and its 200-day moving average is $84.65. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.12 and a beta of 1.04. Planet Fitness has a 52-week low of $37.03 and a 52-week high of $114.47.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a negative return on equity of 81.29% and a net margin of 16.52%.The business had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $298.60 million. During the same period in the previous year, the business posted $0.59 earnings per share. Planet Fitness’s quarterly revenue was up 21.9% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Equities analysts predict that Planet Fitness will post 3.18 EPS for the current year.

Insiders Place Their Bets

In related news, Director Frances G. Rathke acquired 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $46.21 per share, for a total transaction of $231,050.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Planet Fitness

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. boosted its position in Planet Fitness by 101.0% in the third quarter. Citigroup Inc. now owns 29,461 shares of the company’s stock valued at $3,058,000 after buying an additional 14,805 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Planet Fitness by 21.0% during the third quarter. Federated Hermes Inc. now owns 753,079 shares of the company’s stock worth $78,170,000 after buying an additional 130,687 shares in the last quarter. Pelham Capital Ltd. bought a new position in shares of Planet Fitness in the third quarter valued at approximately $12,841,000. Burney Co. bought a new position in shares of Planet Fitness in the fourth quarter valued at approximately $2,221,000. Finally, Impax Asset Management Group plc boosted its holdings in shares of Planet Fitness by 22.0% in the 3rd quarter. Impax Asset Management Group plc now owns 194,271 shares of the company’s stock worth $20,165,000 after acquiring an additional 35,000 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.