William Blair Forecasts Stronger Earnings for Planet Fitness

Key Points

• Investment firm William Blair has raised its Q3 2025 earnings per share estimate for Planet Fitness to $0.80, up from a previous estimate of $0.78.
• Planet Fitness reported quarterly earnings of $0.86 per share, exceeding analysts' expectations by $0.07, alongside revenue of $340.88 million, which was higher than the consensus estimate.
• Multiple analysts maintain a positive outlook on the stock, with a consensus price target of $107.38 and 13 buy ratings, indicating continued investor confidence.

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Stock analysts at William Blair raised their Q3 2025 earnings estimates for shares of Planet Fitness in a report issued on Wednesday, August 6th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.80 per share for the quarter, up from their previous forecast of $0.78. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share.

A number of other brokerages also recently weighed in on PLNT. Macquarie reissued a "neutral" rating and issued a $95.00 price target on shares of Planet Fitness in a report on Tuesday, May 13th. Morgan Stanley boosted their price objective on Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Raymond James Financial restated a "strong-buy" rating on shares of Planet Fitness in a research note on Thursday, August 7th. Canaccord Genuity Group set a $126.00 price objective on Planet Fitness and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Stifel Nicolaus set a $120.00 price target on Planet Fitness and gave the company a "buy" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Planet Fitness currently has a consensus rating of "Moderate Buy" and an average target price of $107.38.

Planet Fitness Trading Down 0.5%

Shares of NYSE:PLNT traded down $0.51 during midday trading on Monday, reaching $106.68. The company had a trading volume of 119,976 shares, compared to its average volume of 1,516,650. The company's 50 day moving average price is $107.80 and its 200 day moving average price is $101.94. The stock has a market cap of $8.98 billion, a P/E ratio of 47.43, a P/E/G ratio of 2.36 and a beta of 1.40. Planet Fitness has a 52-week low of $77.77 and a 52-week high of $114.47.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. Planet Fitness had a net margin of 15.11% and a negative return on equity of 110.18%. The business had revenue of $340.88 million during the quarter, compared to the consensus estimate of $329.59 million. During the same quarter last year, the firm posted $0.71 EPS. Planet Fitness's revenue was up 13.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLNT. State of Michigan Retirement System grew its holdings in shares of Planet Fitness by 0.5% in the second quarter. State of Michigan Retirement System now owns 20,200 shares of the company's stock valued at $2,203,000 after purchasing an additional 100 shares in the last quarter. Emerald Advisers LLC grew its holdings in shares of Planet Fitness by 1.9% in the second quarter. Emerald Advisers LLC now owns 5,572 shares of the company's stock valued at $608,000 after purchasing an additional 104 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Planet Fitness by 57.8% in the first quarter. Brooklyn Investment Group now owns 322 shares of the company's stock valued at $31,000 after purchasing an additional 118 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Planet Fitness by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,235 shares of the company's stock valued at $313,000 after purchasing an additional 126 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Planet Fitness by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 3,718 shares of the company's stock valued at $405,000 after buying an additional 132 shares during the period. 95.53% of the stock is currently owned by 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.