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

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

PLNT has been the topic of a number of analyst reports. William Blair lowered shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Weiss Ratings cut shares of Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Roth Mkm cut their price target on shares of Planet Fitness from $109.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Piper Sandler cut shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a research note on Friday, February 27th.

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 stock was acquired at an average price of $46.21 per share, with a total value of $231,050.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at approximately $231,050. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Planet Fitness

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in Planet Fitness in the 4th quarter worth approximately $27,000. Clearstead Advisors LLC grew its stake in Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Planet Fitness in the 4th quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. grew its stake in Planet Fitness by 51.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock worth $42,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 0.8%

Planet Fitness stock opened at $53.29 on Friday. The firm’s 50 day simple moving average is $64.02 and its 200 day simple moving average is $85.78. The firm has a market capitalization of $4.23 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. Planet Fitness has a 1-year low of $37.03 and a 1-year high of $114.47.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The business had revenue of $337.24 million for 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 quarter in the prior year, the firm posted $0.59 EPS. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Research analysts forecast that Planet Fitness will post 3.18 earnings per share for the current year.

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.