Planet Fitness, Inc. (NYSE:PLNT) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several equities analysts recently commented on the stock. Zacks Research lowered shares of Planet Fitness from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Guggenheim decreased their price objective on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Macquarie Infrastructure decreased their price objective on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. William Blair lowered shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Finally, Stifel Nicolaus reduced their price target 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.

Planet Fitness Stock Up 2.0%

Shares of Planet Fitness stock opened at $53.02 on Friday. The firm has a market capitalization of $4.21 billion, a P/E ratio of 19.14, a PEG ratio of 1.13 and a beta of 1.12. The company has a 50 day moving average price of $64.91 and a 200 day moving average price of $86.52. Planet Fitness has a 52 week low of $37.03 and a 52 week high of $114.47.

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

Insider Transactions at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke purchased 5,000 shares of Planet Fitness stock in a transaction on Friday, May 8th. The stock was bought at an average cost of $46.21 per share, with a total value of $231,050.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $231,050. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Planet Fitness

A number of institutional investors have recently bought and sold shares of PLNT. Cibc World Market Inc. boosted its position in shares of Planet Fitness by 1.2% during the 3rd quarter. Cibc World Market Inc. now owns 8,607 shares of the company’s stock valued at $893,000 after acquiring an additional 98 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Planet Fitness by 1.3% during 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 during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of 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 valued at $2,764,000 after acquiring an additional 123 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Planet Fitness by 51.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after acquiring an additional 138 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Planet Fitness by 2.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,963 shares of the company’s stock valued at $619,000 after acquiring an additional 163 shares during the last quarter. 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.