William Blair Lowers Earnings Estimates for Planet Fitness

Planet Fitness, Inc. (NYSE:PLNT) – William Blair lowered their Q3 2025 earnings estimates for Planet Fitness in a report issued on Monday, October 27th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $0.75 per share for the quarter, down from their previous estimate of $0.80. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share. William Blair also issued estimates for Planet Fitness’ Q4 2025 earnings at $0.76 EPS.

Planet Fitness (NYSE:PLNT) last released its earnings results on Wednesday, August 6th. The company reported $0.86 EPS for the quarter, topping 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 firm had revenue of $340.88 million for the quarter, compared to the consensus estimate of $329.59 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Planet Fitness in a research note on Thursday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Planet Fitness in a research note on Wednesday, September 24th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $126.00 price target on shares of Planet Fitness in a research note on Monday, September 15th. UBS Group started coverage on shares of Planet Fitness in a research note on Friday, October 17th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of Planet Fitness from $112.00 to $119.00 and gave the company an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Planet Fitness Stock Performance

PLNT stock opened at $89.94 on Thursday. Planet Fitness has a one year low of $77.79 and a one year high of $114.47. The company’s fifty day moving average price is $99.87 and its 200-day moving average price is $102.68. The company has a market capitalization of $7.58 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.10 and a beta of 1.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Inscription Capital LLC bought a new position in shares of Planet Fitness in the third quarter worth about $443,000. Verdence Capital Advisors LLC grew its holdings in shares of Planet Fitness by 4.7% in the third quarter. Verdence Capital Advisors LLC now owns 4,203 shares of the company’s stock worth $405,000 after purchasing an additional 189 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Planet Fitness by 10.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,231 shares of the company’s stock worth $410,000 after purchasing an additional 415 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Planet Fitness by 1.3% in the third quarter. Amalgamated Bank now owns 41,311 shares of the company’s stock worth $4,288,000 after purchasing an additional 535 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Planet Fitness by 9.4% in the third quarter. QRG Capital Management Inc. now owns 2,121 shares of the company’s stock worth $220,000 after purchasing an additional 183 shares during the last quarter. 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.