Analysts Set Planet Fitness, Inc. (NYSE:PLNT) PT at $70.24

Planet Fitness, Inc. (NYSE:PLNT) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $70.2368.

Several brokerages have commented on PLNT. Morgan Stanley boosted their price target on shares of Planet Fitness from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. raised their price objective on shares of Planet Fitness from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Robert W. Baird set a $72.00 price objective on shares of Planet Fitness in a research note on Friday, August 7th. Canaccord Genuity Group lifted their price objective on shares of Planet Fitness from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, TD Cowen reiterated a “hold” rating on shares of Planet Fitness in a report on Friday, May 29th.

Planet Fitness Trading Down 2.0%

Planet Fitness stock opened at $49.83 on Friday. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.10 and a beta of 1.01. The company’s 50-day moving average price is $52.59 and its two-hundred day moving average price is $60.57. Planet Fitness has a 52 week low of $37.03 and a 52 week high of $114.26.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The company had revenue of $365.22 million for the quarter, compared to the consensus estimate of $356.21 million. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. Planet Fitness’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Research analysts expect that Planet Fitness will post 3.21 earnings per share for the current fiscal year.

More Planet Fitness News

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

• Positive Sentiment: One recent analysis characterized PLNT as a strong long-term momentum candidate, suggesting that the company’s underlying growth profile and valuation could still appeal to investors despite recent volatility. Why Planet Fitness is a Top Momentum Stock for the Long-Term

Insiders Place Their Bets

In related news, Director Stephen Spinelli, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $49.28 per share, with a total value of $492,800.00. Following the purchase, the director owned 45,516 shares of the company’s stock, valued at $2,243,028.48. This trade represents a 28.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of Planet Fitness

Hedge funds have recently bought and sold shares of the company. MML Investors Services LLC lifted its position in shares of Planet Fitness by 1.3% in the 4th quarter. MML Investors Services LLC now owns 9,811 shares of the company’s stock valued at $1,064,000 after acquiring an additional 122 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Planet Fitness by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,627 shares of the company’s stock worth $2,764,000 after purchasing an additional 123 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Planet Fitness by 4.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock worth $410,000 after purchasing an additional 168 shares in the last quarter. Clearstead Advisors LLC raised its stake in Planet Fitness by 135.9% during the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 193 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after purchasing an additional 214 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.