Brokers Set Expectations for Planet Fitness Q1 Earnings

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Research analysts at William Blair issued their Q1 2025 earnings per share (EPS) estimates for Planet Fitness in a report issued on Wednesday, February 12th. William Blair analyst S. Zackfia anticipates that the company will post earnings per share of $0.56 for the quarter. The consensus estimate for Planet Fitness' current full-year earnings is $2.50 per share. William Blair also issued estimates for Planet Fitness' Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.71 EPS, FY2025 earnings at $2.95 EPS and FY2026 earnings at $3.61 EPS.

PLNT has been the subject of several other reports. Royal Bank of Canada restated an "outperform" rating and set a $120.00 price target on shares of Planet Fitness in a research report on Wednesday, January 15th. Stifel Nicolaus increased their price objective on Planet Fitness from $85.00 to $90.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Morgan Stanley increased their price objective on Planet Fitness from $84.00 to $89.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Piper Sandler increased their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, Robert W. Baird increased their price objective on Planet Fitness from $92.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Planet Fitness currently has a consensus rating of "Moderate Buy" and an average target price of $97.69.

Planet Fitness Stock Performance

Shares of PLNT traded down $0.83 during midday trading on Friday, hitting $100.17. 1,544,859 shares of the stock were exchanged, compared to its average volume of 1,374,099. Planet Fitness has a 52-week low of $54.35 and a 52-week high of $110.00. The stock has a fifty day simple moving average of $102.93 and a 200 day simple moving average of $91.51. The firm has a market cap of $8.47 billion, a P/E ratio of 53.85, a P/E/G ratio of 2.68 and a beta of 1.53.

Hedge Funds Weigh In On Planet Fitness

Several hedge funds have recently made changes to their positions in PLNT. UMB Bank n.a. grew its holdings in shares of Planet Fitness by 67.4% during the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after buying an additional 157 shares during the last quarter. R Squared Ltd purchased a new position in shares of Planet Fitness during the fourth quarter worth about $39,000. V Square Quantitative Management LLC grew its holdings in shares of Planet Fitness by 69.8% during the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company's stock worth $40,000 after buying an additional 201 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Planet Fitness by 1,250.0% during the fourth quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock worth $48,000 after buying an additional 450 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Planet Fitness during the fourth quarter worth about $51,000. Hedge funds and other 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.