William Blair Forecasts Stronger Earnings for Planet Fitness

Key Points

• William Blair has upgraded its earnings per share estimate for Planet Fitness' Q2 2025 from $0.76 to $0.79, reflecting a positive outlook for the company's financial performance.
• Analysts overall are optimistic about Planet Fitness, with a consensus rating of "Moderate Buy" and an average price target of $106.63.
• Despite recent earnings missing estimates, Planet Fitness has shown a revenue increase of 11.6% year-over-year, indicating growth potential in its operations.

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Research analysts at William Blair boosted their Q2 2025 earnings per share estimates for shares of Planet Fitness in a report released on Thursday, July 31st. William Blair analyst S. Zackfia now expects that the company will earn $0.79 per share for the quarter, up from their previous forecast of $0.76. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share. William Blair also issued estimates for Planet Fitness' Q3 2025 earnings at $0.78 EPS and Q4 2025 earnings at $0.74 EPS.

A number of other research firms have also weighed in on PLNT. Morgan Stanley raised their target price on Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus set a $120.00 target price on Planet Fitness and gave the company a "buy" rating in a report on Thursday, May 22nd. Macquarie restated a "neutral" rating and issued a $95.00 target price on shares of Planet Fitness in a report on Tuesday, May 13th. Guggenheim restated a "buy" rating and issued a $110.00 target price on shares of Planet Fitness in a report on Monday, May 12th. Finally, Canaccord Genuity Group set a $126.00 target price on Planet Fitness and gave the company a "buy" rating in a report on Thursday, June 12th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $106.63.

Planet Fitness Stock Performance

Shares of NYSE:PLNT opened at $107.53 on Monday. The business's 50 day simple moving average is $107.30 and its two-hundred day simple moving average is $101.80. The firm has a market cap of $9.05 billion, a P/E ratio of 50.72, a PEG ratio of 2.41 and a beta of 1.40. Planet Fitness has a 52-week low of $68.75 and a 52-week high of $114.47.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). The firm had revenue of $276.66 million during the quarter, compared to the consensus estimate of $279.80 million. Planet Fitness had a negative return on equity of 88.70% and a net margin of 14.84%. The firm's revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS.

Institutional Trading of Planet Fitness

A number of large investors have recently bought and sold shares of the company. AustralianSuper Pty Ltd purchased a new stake in Planet Fitness in the second quarter worth $41,428,000. Y Intercept Hong Kong Ltd purchased a new stake in Planet Fitness in the second quarter worth $883,000. AlphaQuest LLC increased its position in Planet Fitness by 123.3% in the second quarter. AlphaQuest LLC now owns 5,296 shares of the company's stock worth $578,000 after buying an additional 2,924 shares during the last quarter. Ethic Inc. increased its position in Planet Fitness by 19.6% in the second quarter. Ethic Inc. now owns 9,942 shares of the company's stock worth $1,081,000 after buying an additional 1,629 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its position in shares of Planet Fitness by 491.1% in the second quarter. Cookson Peirce & Co. Inc. now owns 114,056 shares of the company's stock valued at $12,438,000 after purchasing an additional 94,759 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Company Profile

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.

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