Planet Fitness, Inc. (NYSE:PLNT) Stock Has Consensus Target Price of $69.34

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 stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $69.55.

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $55.00 price target on shares of Planet Fitness in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $106.00 price objective on shares of Planet Fitness in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Planet Fitness from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Cantor Fitzgerald set a $62.00 target price on shares of Planet Fitness in a research note on Thursday, July 9th. Finally, Robert W. Baird decreased their target price on Planet Fitness from $72.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th.

Insider Buying and Selling

In other Planet Fitness news, Director Stephen Spinelli, Jr. purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $49.28 per share, with a total value of $492,800.00. Following the completion of the transaction, the director owned 45,516 shares in the company, valued at $2,243,028.48. The trade was a 28.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Tanco purchased 2,328 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was acquired at an average price of $51.23 per share, with a total value of $119,263.44. Following the completion of the transaction, the director owned 2,328 shares of the company’s stock, valued at $119,263.44. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 0.90% of the stock is owned by insiders.

Institutional Trading of Planet Fitness

Several large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Planet Fitness during the 2nd quarter worth approximately $44,399,000. Leeward Investments LLC MA bought a new position in Planet Fitness in the third quarter valued at approximately $10,558,000. Montanova Capital LLC bought a new position in Planet Fitness in the second quarter valued at approximately $11,473,000. Van Berkom & Associates Inc. increased its stake in Planet Fitness by 21.1% in the first quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock valued at $73,697,000 after acquiring an additional 172,586 shares during the last quarter. Finally, Amundi lifted its stake in Planet Fitness by 118.2% during the first quarter. Amundi now owns 260,327 shares of the company’s stock worth $19,363,000 after purchasing an additional 141,010 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Stock Down 0.2%

Planet Fitness stock opened at $53.47 on Monday. The company has a 50 day moving average of $48.77 and a 200-day moving average of $62.37. Planet Fitness has a twelve month low of $37.03 and a twelve month high of $114.26. The stock has a market capitalization of $4.04 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The business had revenue of $365.22 million for the quarter, compared to analyst estimates of $356.21 million. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Equities analysts anticipate that Planet Fitness will post 3.22 EPS for the current fiscal year.

Planet Fitness Company Profile

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. The company follows a “high-value, low-price” model designed to make gym memberships accessible to a broad range of consumers. Its clubs offer cardiovascular and strength-training equipment, group and individual exercise areas, and a welcoming environment known as the “Judgement Free Zone.”

Planet Fitness generates revenue primarily through membership dues, franchise royalties and fees, and sales of merchandise and other services.