Planet Fitness (NYSE:PLNT) Now Covered by Analysts at KeyCorp

Equities research analysts at KeyCorp began coverage on shares of Planet Fitness (NYSE:PLNT) in a research note issued on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $100.00 price target on the stock. KeyCorp’s price objective would indicate a potential upside of 28.36% from the company’s previous close.

A number of other equities research analysts have also recently commented on PLNT. Wells Fargo & Company initiated coverage on shares of Planet Fitness in a research note on Wednesday. They set an “overweight” rating and a $90.00 target price on the stock. Royal Bank Of Canada dropped their price target on shares of Planet Fitness from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Canaccord Genuity Group increased their price objective on shares of Planet Fitness from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday, December 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Planet Fitness in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.93.

Planet Fitness Price Performance

Shares of PLNT opened at $77.91 on Thursday. The firm has a market capitalization of $6.23 billion, a P/E ratio of 29.74, a PEG ratio of 1.33 and a beta of 1.25. Planet Fitness has a one year low of $73.29 and a one year high of $114.47. The business has a fifty day moving average of $92.30 and a 200 day moving average of $99.32.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. Planet Fitness had a negative return on equity of 97.97% and a net margin of 16.55%.The company had revenue of $376.26 million for the quarter, compared to the consensus estimate of $366.48 million. During the same period in the previous year, the business earned $0.70 earnings per share. Planet Fitness’s quarterly revenue was up 10.5% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Analysts expect that Planet Fitness will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Planet Fitness during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after buying an additional 214 shares during the period. Clearstead Advisors LLC lifted its stake in shares of Planet Fitness by 135.9% during the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Planet Fitness during the 4th quarter valued at $41,000. Finally, Hantz Financial Services Inc. boosted 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 acquiring an additional 138 shares during the period. Institutional investors own 95.53% of the company’s stock.

About Planet Fitness

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.