Royal Bank Of Canada Has Lowered Expectations for Planet Fitness (NYSE:PLNT) Stock Price

Key Points

• Royal Bank of Canada cut its price target for Planet Fitness from $120 to $85 while maintaining an "outperform" rating, with the new target implying roughly a 32% upside from the prior close.
• Analysts' views are mixed but overall consensus is a "Moderate Buy" with an average price target of $112.23, ranging from lowered targets like Deutsche Bank's $98 to Jefferies' $175.
• Planet Fitness recently beat quarterly estimates (EPS $0.83 vs $0.79; revenue $376.3M vs $366.5M), set FY2026 guidance of $3.35–$3.38 EPS (street at 3.38), and the stock trades around $64.34 with a market cap near $5.15B and a 1‑year range of $63.41–$114.47.

Planet Fitness (NYSE:PLNT - Get Free Report) had its price target cut by analysts at Royal Bank Of Canada from $120.00 to $85.00 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 32.12% from the company's previous close.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Planet Fitness from $115.00 to $98.00 and set a "hold" rating on the stock in a research report on Thursday, February 26th. JPMorgan Chase & Co. reduced their price objective on Planet Fitness from $120.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley reissued an "overweight" rating and set a $117.00 price objective on shares of Planet Fitness in a research note on Tuesday, March 10th. UBS Group reissued a "buy" rating on shares of Planet Fitness in a report on Wednesday, March 18th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $175.00 price objective on shares of Planet Fitness in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Planet Fitness currently has an average rating of "Moderate Buy" and a consensus price target of $112.23.

Planet Fitness Trading Down 0.2%

Shares of PLNT stock traded down $0.12 during trading on Wednesday, reaching $64.34. 64,701 shares of the company's stock traded hands, compared to its average volume of 1,742,565. The firm's 50-day moving average is $76.14 and its 200 day moving average is $92.35. The company has a market capitalization of $5.15 billion, a P/E ratio of 24.56, a PEG ratio of 1.15 and a beta of 1.31. Planet Fitness has a 1 year low of $63.41 and a 1 year high of $114.47.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The business had revenue of $376.26 million during the quarter, compared to analysts' expectations of $366.48 million. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. As a group, sell-side analysts predict that Planet Fitness will post 3.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PLNT. Norges Bank bought a new stake in shares of Planet Fitness during the 4th quarter valued at about $108,796,000. Junto Capital Management LP bought a new position in Planet Fitness in the third quarter worth about $73,603,000. Ninety One UK Ltd raised its stake in Planet Fitness by 20.0% in the third quarter. Ninety One UK Ltd now owns 3,461,543 shares of the company's stock worth $359,308,000 after buying an additional 577,637 shares in the last quarter. Freestone Grove Partners LP lifted its holdings in Planet Fitness by 149.2% in the third quarter. Freestone Grove Partners LP now owns 527,634 shares of the company's stock worth $54,768,000 after buying an additional 315,941 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Planet Fitness in the third quarter worth about $28,515,000. 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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