Planet Fitness, Inc. (NYSE:PLNT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts: Planet Fitness has an average recommendation of "Moderate Buy" from 18 analysts (1 sell, 4 hold, 10 buy, 3 strong buy) with an average 1‑year price target of $117.46.
• Q4 results & guidance: The company beat estimates with $0.83 EPS vs. $0.79 and $376.3M revenue (up 10.5% YoY) and set FY2026 EPS guidance of 3.350–3.380, versus a sell‑side consensus near 2.51 for the current year.
• Market position: Shares trade around $74 (1‑year low $70.32/$114.47 high), carry a P/E of 28.25 and sit below the 200‑day SMA of $95.33, while institutional investors own about 95.5% of the stock.

Planet Fitness, Inc. (NYSE:PLNT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eighteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, ten have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $117.4615.

Several brokerages have recently issued reports on PLNT. Guggenheim raised Planet Fitness to a "strong-buy" rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on Planet Fitness from $115.00 to $98.00 and set a "hold" rating on the stock in a report on Thursday, February 26th. Piper Sandler cut Planet Fitness from an "overweight" rating to a "neutral" rating in a report on Friday, February 27th. William Blair reaffirmed an "outperform" rating on shares of Planet Fitness in a report on Tuesday, January 13th. Finally, UBS Group reaffirmed a "buy" rating on shares of Planet Fitness in a report on Wednesday, March 18th.

Planet Fitness Price Performance

Shares of PLNT opened at $74.01 on Thursday. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.31. Planet Fitness has a 1 year low of $70.32 and a 1 year high of $114.47. The business's 50 day simple moving average is $81.94 and its 200-day simple moving average is $95.33.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. The business had revenue of $376.26 million for the quarter, compared to analysts' expectations of $366.48 million. Planet Fitness had a negative return on equity of 97.97% and a net margin of 16.55%.The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. On average, sell-side analysts expect that Planet Fitness will post 2.51 earnings per share for the current year.

Institutional Trading of Planet Fitness

Several hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its position in shares of Planet Fitness by 1.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,236,173 shares of the company's stock valued at $1,001,848,000 after purchasing an additional 149,503 shares during the last quarter. SRS Investment Management LLC increased its position in shares of Planet Fitness by 4.5% during the 4th quarter. SRS Investment Management LLC now owns 4,877,578 shares of the company's stock valued at $529,071,000 after purchasing an additional 212,145 shares during the last quarter. Ninety One UK Ltd increased its position in shares of Planet Fitness by 20.0% during the 3rd quarter. Ninety One UK Ltd now owns 3,461,543 shares of the company's stock valued at $359,308,000 after purchasing an additional 577,637 shares during the last quarter. Dorsal Capital Management LP increased its position in shares of Planet Fitness by 7.6% during the 2nd quarter. Dorsal Capital Management LP now owns 2,475,000 shares of the company's stock valued at $269,899,000 after purchasing an additional 175,000 shares during the last quarter. Finally, Steadfast Capital Management LP increased its position in shares of Planet Fitness by 4.6% during the 3rd quarter. Steadfast Capital Management LP now owns 1,888,992 shares of the company's stock valued at $196,077,000 after purchasing an additional 83,215 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Company Profile

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.

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