Planet Fitness, Inc. (PLNT) - What Are Researchers Saying About This Stock?

Key Points

• Analysts rate Planet Fitness “Moderate Buy” overall: Of 22 analysts, 11 recommend buying, one strongly recommends buying, nine advise holding, and one recommends selling. The average 12-month price target is $69.34.
• Recent operating results exceeded expectations: Planet Fitness reported quarterly EPS of $0.88 versus the $0.85 consensus estimate and revenue of $365.22 million versus expectations of $356.21 million, representing 7.1% year-over-year revenue growth.
• Institutional ownership is substantial, while insider activity is mixed: Institutions and hedge funds own 95.53% of the stock; one director increased his position by purchasing 10,000 shares, while the COO sold 7,000 shares. The stock recently traded at $52.49, near its 200-day moving average of $53.33.

Planet Fitness, Inc. (NYSE:PLNT - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-two analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $69.34.

A number of brokerages have weighed in on PLNT. JPMorgan Chase & Co. raised their target price on Planet Fitness from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Cantor Fitzgerald set a $62.00 price target on Planet Fitness in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $55.00 price objective on shares of Planet Fitness in a research report on Wednesday, July 22nd. Royal Bank Of Canada dropped their price objective on Planet Fitness from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, October 5th. Finally, Jefferies Financial Group set a $106.00 price objective on Planet Fitness in a research note on Thursday, August 6th.

Insiders Place Their Bets

In related news, Director Stephen Spinelli, Jr. purchased 10,000 shares of Planet Fitness stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $49.28 per share, for a total transaction of $492,800.00. Following the purchase, the director owned 45,516 shares in the company, valued at approximately $2,243,028.48. This trade represents a 28.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William Bode sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $51.22, for a total transaction of $358,540.00. Following the completion of the sale, the chief operating officer owned 32,939 shares in the company, valued at approximately $1,687,135.58. The trade was a 17.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On Planet Fitness

A number of institutional investors have recently added to or reduced their stakes in PLNT. Engineers Gate Manager LP acquired a new stake in shares of Planet Fitness during the 2nd quarter valued at $1,859,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Planet Fitness during the 2nd quarter valued at approximately $1,523,000. Osborne Partners Capital Management LLC raised its holdings in Planet Fitness by 110.6% during the 1st quarter. Osborne Partners Capital Management LLC now owns 152,197 shares of the company's stock worth $11,320,000 after purchasing an additional 79,915 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Planet Fitness in the 2nd quarter worth approximately $44,399,000. Finally, WCM Investment Management LLC lifted its position in shares of Planet Fitness by 58.3% in the 1st quarter. WCM Investment Management LLC now owns 265,134 shares of the company's stock worth $19,548,000 after purchasing an additional 97,697 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Trading Down 0.1%

Shares of Planet Fitness stock opened at $52.49 on Monday. The company has a 50 day moving average of $48.72 and a 200-day moving average of $53.33. Planet Fitness has a 1-year low of $37.03 and a 1-year high of $114.26. The company has a market cap of $3.96 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $365.22 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Research analysts forecast that Planet Fitness will post 3.21 earnings per share for the current 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.

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