FY2026 EPS Forecast for Planet Fitness Decreased by Analyst

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Stock analysts at William Blair cut their FY2026 EPS estimates for Planet Fitness in a research note issued to investors on Thursday, May 8th. William Blair analyst S. Zackfia now forecasts that the company will earn $3.37 per share for the year, down from their previous forecast of $3.46. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). The firm had revenue of $276.66 million for the quarter, compared to the consensus estimate of $279.80 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm's revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS.

A number of other brokerages have also issued reports on PLNT. Macquarie reiterated a "neutral" rating and issued a $95.00 target price on shares of Planet Fitness in a research report on Tuesday. Roth Mkm reissued a "buy" rating and issued a $115.00 price target (up from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Morgan Stanley upped their price target on shares of Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Guggenheim reissued a "buy" rating and issued a $110.00 price target on shares of Planet Fitness in a report on Monday. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Planet Fitness has an average rating of "Moderate Buy" and an average target price of $103.00.

Planet Fitness Stock Performance

Shares of Planet Fitness stock traded up $4.36 during trading on Monday, hitting $98.19. 2,123,424 shares of the stock were exchanged, compared to its average volume of 1,410,308. The stock's fifty day moving average is $96.27 and its 200 day moving average is $97.94. The stock has a market cap of $8.31 billion, a PE ratio of 52.79, a P/E/G ratio of 2.45 and a beta of 1.33. Planet Fitness has a 12 month low of $60.56 and a 12 month high of $110.00.

Institutional Trading of Planet Fitness

A number of hedge funds have recently made changes to their positions in PLNT. Brooklyn Investment Group lifted its position in shares of Planet Fitness by 57.8% in the first quarter. Brooklyn Investment Group now owns 322 shares of the company's stock worth $31,000 after purchasing an additional 118 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Planet Fitness by 187.6% in the first quarter. First Horizon Advisors Inc. now owns 371 shares of the company's stock worth $36,000 after purchasing an additional 242 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Planet Fitness in the fourth quarter worth approximately $39,000. UMB Bank n.a. lifted its position in shares of Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after purchasing an additional 157 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Planet Fitness by 1,250.0% in the fourth quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock worth $48,000 after purchasing an additional 450 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.