Planet Fitness, Inc. (NYSE:PLNT) Receives $116.93 Consensus Target Price from Brokerages

Planet Fitness, Inc. (NYSE:PLNT) has been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $116.9286.

Several research firms recently commented on PLNT. Stifel Nicolaus set a $105.00 target price on Planet Fitness in a research report on Tuesday, February 24th. KeyCorp assumed coverage on Planet Fitness in a report on Thursday, March 12th. They issued an “overweight” rating and a $100.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Planet Fitness from $115.00 to $98.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and set a $117.00 price objective on shares of Planet Fitness in a report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th.

Planet Fitness Price Performance

NYSE PLNT opened at $74.36 on Friday. The company’s 50 day simple moving average is $87.84 and its two-hundred day simple moving average is $97.84. Planet Fitness has a 1 year low of $73.01 and a 1 year high of $114.47. The stock has a market capitalization of $5.95 billion, a PE ratio of 28.38, a P/E/G ratio of 1.29 and a beta of 1.25.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The firm had revenue of $376.26 million during the quarter, compared to analyst estimates of $366.48 million. During the same period in the previous year, the business earned $0.70 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. On average, research analysts anticipate that Planet Fitness will post 2.51 EPS for the current year.

Hedge Funds Weigh In On Planet Fitness

Institutional investors have recently made changes to their positions in the stock. Inceptionr LLC bought a new position in Planet Fitness in the second quarter valued at $356,000. Citigroup Inc. lifted its stake in Planet Fitness by 101.0% during the third quarter. Citigroup Inc. now owns 29,461 shares of the company’s stock worth $3,058,000 after purchasing an additional 14,805 shares during the last quarter. ABN AMRO Bank N.V. bought a new stake in Planet Fitness during the second quarter worth about $13,214,000. Federated Hermes Inc. boosted its holdings in shares of Planet Fitness by 21.0% in the 3rd quarter. Federated Hermes Inc. now owns 753,079 shares of the company’s stock worth $78,170,000 after purchasing an additional 130,687 shares in the last quarter. Finally, Pelham Capital Ltd. bought a new position in shares of Planet Fitness during the 3rd quarter valued at about $12,841,000. Institutional investors own 95.53% of the company’s stock.

About Planet Fitness

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.