Deutsche Bank Aktiengesellschaft Cuts Planet Fitness (NYSE:PLNT) Price Target to $98.00

Planet Fitness (NYSE:PLNT) had its target price lowered by Deutsche Bank Aktiengesellschaft from $115.00 to $98.00 in a research report sent to investors on Thursday,MarketScreener reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

PLNT has been the subject of a number of other reports. Stifel Nicolaus set a $105.00 target price on shares of Planet Fitness in a research note on Tuesday. Macquarie Infrastructure lowered their price objective on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday. Guggenheim raised Planet Fitness to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, Piper Sandler downgraded shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.58.

Planet Fitness Trading Down 1.7%

Shares of NYSE:PLNT opened at $82.34 on Thursday. Planet Fitness has a 52 week low of $79.18 and a 52 week high of $114.47. The firm’s 50 day moving average is $97.15 and its two-hundred day moving average is $100.86. The firm has a market capitalization of $6.86 billion, a P/E ratio of 31.43, a PEG ratio of 1.31 and a beta of 1.26.

Planet Fitness (NYSE:PLNT) last announced 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 firm 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 company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Analysts predict that Planet Fitness will post 2.51 EPS for the current year.

Institutional Investors Weigh In On Planet Fitness

Several institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in Planet Fitness in the fourth quarter worth about $27,000. Hantz Financial Services Inc. increased its holdings in Planet Fitness by 964.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock worth $29,000 after buying an additional 241 shares in the last quarter. Clearstead Advisors LLC raised its position in Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after buying an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Planet Fitness during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.