Planet Fitness, Inc. (NYSE:PLNT – Free Report) – Research analysts at Zacks Research cut their Q1 2026 EPS estimates for shares of Planet Fitness in a note issued to investors on Thursday, May 30th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.71 per share for the quarter, down from their prior forecast of $0.73. The consensus estimate for Planet Fitness’ current full-year earnings is $2.43 per share. Zacks Research also issued estimates for Planet Fitness’ FY2026 earnings at $3.26 EPS.
Other analysts have also issued research reports about the stock. StockNews.com upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised Planet Fitness from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $68.00 to $78.00 in a report on Tuesday, May 14th. DA Davidson reaffirmed a “neutral” rating and issued a $62.00 target price on shares of Planet Fitness in a report on Thursday, May 9th. Robert W. Baird increased their target price on Planet Fitness from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, Royal Bank of Canada reduced their price target on Planet Fitness from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Planet Fitness presently has an average rating of “Moderate Buy” and a consensus price target of $71.86.
View Our Latest Research Report on Planet Fitness
Planet Fitness Stock Up 3.9 %
Shares of PLNT stock opened at $63.64 on Monday. The business has a fifty day simple moving average of $62.22 and a 200 day simple moving average of $65.97. The company has a market cap of $5.61 billion, a P/E ratio of 36.57, a P/E/G ratio of 2.14 and a beta of 1.37. Planet Fitness has a twelve month low of $44.13 and a twelve month high of $75.86.
Planet Fitness (NYSE:PLNT – Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.49 by $0.04. The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $249.48 million. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Planet Fitness by 1.2% in the first quarter. Vanguard Group Inc. now owns 8,174,617 shares of the company’s stock valued at $511,976,000 after buying an additional 97,823 shares in the last quarter. Cadian Capital Management LP lifted its position in Planet Fitness by 9.6% in the 4th quarter. Cadian Capital Management LP now owns 4,430,368 shares of the company’s stock valued at $323,417,000 after acquiring an additional 386,861 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Planet Fitness by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,592,136 shares of the company’s stock valued at $162,345,000 after purchasing an additional 66,139 shares during the last quarter. Dorsal Capital Management LP bought a new stake in Planet Fitness during the 4th quarter worth approximately $182,500,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Planet Fitness by 35.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,859,366 shares of the company’s stock worth $116,453,000 after purchasing an additional 483,586 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.
About Planet Fitness
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
Further Reading
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