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

Shares of Planet Fitness, Inc. (NYSE:PLNT) have been given an average recommendation of “Moderate Buy” by the twenty-two brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $77.8056.

Several brokerages have issued reports on PLNT. UBS Group dropped their target price on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Roth Mkm dropped their target price on shares of Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. dropped their target price on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. William Blair cut shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a report on Thursday, May 7th. Finally, Weiss Ratings cut shares of Planet Fitness from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday.

Insider Transactions at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $46.21 per share, for a total transaction of $231,050.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $231,050. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of Planet Fitness in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 193 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Planet Fitness in the 4th quarter valued at about $41,000. Finally, Danske Bank A S bought a new stake in shares of Planet Fitness in the 3rd quarter valued at about $52,000. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Price Performance

PLNT stock opened at $51.05 on Tuesday. The company has a market capitalization of $4.06 billion, a PE ratio of 18.43, a P/E/G ratio of 1.15 and a beta of 1.04. Planet Fitness has a 12 month low of $37.03 and a 12 month high of $114.47. The firm’s 50-day moving average is $57.19 and its 200 day moving average is $79.81.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The company had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $298.60 million. During the same period in the prior year, the business earned $0.59 EPS. The firm’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. Sell-side analysts forecast that Planet Fitness will post 3.18 EPS for the current fiscal year.

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.