Planet Fitness (NYSE:PLNT) Releases FY 2026 Earnings Guidance

Planet Fitness (NYSE:PLNT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 3.254-3.254 for the period, compared to the consensus EPS estimate of 3.200. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Planet Fitness Trading Up 1.2%

Planet Fitness stock opened at $56.63 on Thursday. The stock has a 50-day moving average price of $52.78 and a 200 day moving average price of $67.60. Planet Fitness has a 52 week low of $37.03 and a 52 week high of $114.26. The stock has a market cap of $4.50 billion, a PE ratio of 20.44, a P/E/G ratio of 1.22 and a beta of 1.03.

Planet Fitness (NYSE:PLNT) last released its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The company had revenue of $365.22 million for the quarter, compared to analyst estimates of $356.66 million. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. On average, equities analysts predict that Planet Fitness will post 3.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PLNT shares. Jefferies Financial Group set a $133.00 price objective on shares of Planet Fitness in a research report on Thursday, May 7th. Royal Bank Of Canada decreased their target price on shares of Planet Fitness from $85.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Guggenheim lowered their target price on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company reiterated an “overweight” rating on shares of Planet Fitness in a report on Monday, July 20th. Finally, Cantor Fitzgerald set a $62.00 price target on Planet Fitness in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and a consensus target price of $74.50.

Insider Buying and Selling

In related news, Director Frances G. Rathke purchased 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at approximately $231,050. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

Planet Fitness News Summary

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

• Positive Sentiment: Q2 results exceeded expectations: Planet Fitness reported adjusted earnings of $0.88 per share, above the $0.85 consensus estimate, while revenue of $365.22 million topped expectations of $356.66 million. Planet Fitness second-quarter earnings release
• Positive Sentiment: Guidance was raised relative to consensus: The company provided FY 2026 EPS guidance of approximately $3.254, above the $3.20 analyst estimate. Revenue guidance of roughly $1.4 billion was broadly in line with expectations, suggesting the earnings upside is primarily profitability-related.
• Positive Sentiment: Capital returns support the stock: Planet Fitness repurchased and retired approximately $200 million of Class A common stock during the quarter. System-wide same-club sales increased 1.7%, indicating continued underlying growth despite a relatively modest pace. Planet Fitness announces second-quarter 2026 results
• Negative Sentiment: Legal risk remains: Multiple law firms publicized or promoted a securities-fraud class action alleging that Planet Fitness misrepresented membership growth, pricing initiatives, its marketing strategy and its long-term outlook. The lead-plaintiff deadline is September 14, 2026. These announcements largely repeat the same lawsuit rather than represent separate legal actions, but they could weigh on sentiment and create potential financial or reputational costs. Planet Fitness investor litigation alert

Institutional Trading of Planet Fitness

Institutional investors and hedge funds have recently made changes to their positions in the company. SRS Investment Management LLC increased its holdings in shares of Planet Fitness by 4.5% during the 4th quarter. SRS Investment Management LLC now owns 4,877,578 shares of the company’s stock worth $529,071,000 after buying an additional 212,145 shares during the last quarter. Steadfast Capital Management LP grew its position in Planet Fitness by 4.6% during the third quarter. Steadfast Capital Management LP now owns 1,888,992 shares of the company’s stock valued at $196,077,000 after acquiring an additional 83,215 shares during the period. Goldman Sachs Group Inc. increased its stake in Planet Fitness by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock worth $134,201,000 after acquiring an additional 24,981 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Planet Fitness by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,216,215 shares of the company’s stock worth $131,926,000 after acquiring an additional 10,508 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Planet Fitness by 4.0% in the 3rd quarter. UBS Group AG now owns 824,395 shares of the company’s stock worth $85,572,000 after purchasing an additional 31,605 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

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.