William Blair Lowers Earnings Estimates for Planet Fitness

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Investment analysts at William Blair cut their Q2 2025 earnings per share estimates for shares of Planet Fitness in a research note issued on Tuesday, February 25th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.72 per share for the quarter, down from their prior estimate 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 $0.76 EPS, Q4 2025 earnings at $0.86 EPS and FY2026 earnings at $3.46 EPS.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird upped their target price on Planet Fitness from $92.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Stifel Nicolaus reduced their target price on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price target on shares of Planet Fitness in a report on Monday, February 24th. Piper Sandler boosted their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Guggenheim reissued a "buy" rating and issued a $105.00 price objective on shares of Planet Fitness in a research report on Thursday. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $99.00.

Planet Fitness Stock Performance

Planet Fitness stock traded up $1.12 during trading on Thursday, reaching $92.50. 1,992,493 shares of the company's stock were exchanged, compared to its average volume of 1,643,143. Planet Fitness has a 52-week low of $54.35 and a 52-week high of $110.00. The company's 50-day moving average is $102.15 and its two-hundred day moving average is $92.41. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 2.45 and a beta of 1.53.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Planet Fitness's revenue for the quarter was up 19.4% on a year-over-year basis.

Hedge Funds Weigh In On Planet Fitness

Large investors have recently bought and sold shares of the business. Corient Private Wealth LLC lifted its holdings in shares of Planet Fitness by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 4,623 shares of the company's stock worth $457,000 after purchasing an additional 94 shares during the last quarter. M&T Bank Corp lifted its stake in Planet Fitness by 2.6% in the third quarter. M&T Bank Corp now owns 4,947 shares of the company's stock valued at $402,000 after buying an additional 124 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Planet Fitness by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company's stock valued at $247,000 after buying an additional 132 shares during the last quarter. Cetera Trust Company N.A lifted its stake in Planet Fitness by 5.2% in the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock valued at $268,000 after buying an additional 135 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

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.