Planet Fitness, Inc. (NYSE:PLNT – Free Report) – Research analysts at KeyCorp issued their Q1 2026 earnings per share (EPS) estimates for Planet Fitness in a note issued to investors on Wednesday, March 11th. KeyCorp analyst N. Zatzkin expects that the company will earn $0.63 per share for the quarter. KeyCorp currently has a “Strong-Buy” rating on the stock. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share. KeyCorp also issued estimates for Planet Fitness’ Q2 2026 earnings at $0.93 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.96 EPS, FY2026 earnings at $3.38 EPS, Q1 2027 earnings at $0.83 EPS, Q2 2027 earnings at $1.12 EPS, Q3 2027 earnings at $1.03 EPS, Q4 2027 earnings at $1.12 EPS and FY2027 earnings at $4.10 EPS.
PLNT has been the topic of a number of other research reports. Royal Bank Of Canada lowered their target price on shares of Planet Fitness from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. UBS Group reaffirmed a “buy” rating on shares of Planet Fitness in a report on Friday, January 9th. Guggenheim upgraded Planet Fitness to a “strong-buy” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. dropped their target price on Planet Fitness from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, Macquarie Infrastructure cut their target price on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $116.93.
Planet Fitness Stock Performance
NYSE:PLNT opened at $73.63 on Monday. The company has a 50-day moving average of $90.91 and a 200-day moving average of $98.84. Planet Fitness has a 52 week low of $73.29 and a 52 week high of $114.47. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.28 and a beta of 1.25.
Planet Fitness (NYSE:PLNT – Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $376.26 million for the quarter, compared to the consensus estimate of $366.48 million. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS.
Hedge Funds Weigh In On Planet Fitness
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLNT. V Square Quantitative Management LLC acquired a new stake in shares of Planet Fitness during the fourth quarter worth approximately $27,000. Clearstead Advisors LLC boosted its holdings in shares of 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 acquiring an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Planet Fitness during the 4th quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. increased its holdings in Planet Fitness by 51.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after purchasing an additional 138 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Planet Fitness
Here are the key news stories impacting Planet Fitness this week:
- Positive Sentiment: Jefferies reiterated a Buy and kept an aggressive $175 price target, calling the interim CFO appointment a stabilizing move; that bullish stance signals large upside versus current levels. Jefferies Maintains a Buy Rating on Planet Fitness, Inc. (PLNT) with a $175 Price Target
- Positive Sentiment: KeyBanc (KeyCorp) initiated coverage with an Overweight/“overweight”/“strong-buy” stance and a $100 price target (roughly mid/high double-digit upside), adding another institutional buy-side endorsement. KeyBanc initiates coverage of Planet Fitness (PLNT) with overweight recommendation
- Positive Sentiment: Wells Fargo also initiated coverage with an Overweight recommendation, adding to the recent wave of analyst support and potential demand from institutional buyers. Wells Fargo & Company Initiates Coverage on Planet Fitness (NYSE:PLNT)
- Positive Sentiment: Multiple analyst roundups (TipRanks/Globe and Mail coverage) highlight bullish sentiment on consumer-cyclical names including PLNT, reinforcing the analyst momentum behind the stock. Analysts Offer Insights on Consumer Cyclical Companies: Planet Fitness (PLNT)
- Neutral Sentiment: The company’s interim CFO appointment has drawn analyst attention to Planet Fitness’s valuation and balance sheet — a watchpoint that could slow upside until clarity on debt strategy and financial cadence emerges. Planet Fitness Interim CFO Shift Puts Valuation And Debt In Focus
- Negative Sentiment: Pomerantz LLP launched an investor investigation into Planet Fitness, which introduces litigation risk and may pressure the stock until details and potential exposures are clarified. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Planet Fitness, Inc. – PLNT
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.
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