DA Davidson Weighs in on Planet Fitness, Inc.’s FY2025 Earnings (NYSE:PLNT)

Planet Fitness, Inc. (NYSE:PLNT – Free Report) – Stock analysts at DA Davidson increased their FY2025 EPS estimates for Planet Fitness in a note issued to investors on Friday, June 14th. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $2.82 for the year, up from their previous estimate of $2.80. DA Davidson has a “Neutral” rating and a $62.00 price target on the stock. The consensus estimate for Planet Fitness’ current full-year earnings is $2.43 per share.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group raised shares of Planet Fitness from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $100.00 in a report on Monday, June 10th. StockNews.com raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Royal Bank of Canada decreased their price target on shares of Planet Fitness from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Stifel Nicolaus downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating and reduced their target price for the stock from $80.00 to $70.00 in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. raised shares of Planet Fitness from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $68.00 to $78.00 in a research note on Tuesday, May 14th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and an average target price of $75.00.

View Our Latest Stock Report on PLNT

Planet Fitness Stock Down 1.9 %

PLNT opened at $71.15 on Monday. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.39 and a beta of 1.43. Planet Fitness has a 52-week low of $44.13 and a 52-week high of $75.86. The firm’s fifty day simple moving average is $63.51 and its two-hundred day simple moving average is $66.20.

Planet Fitness (NYSE:PLNT – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. The business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $249.48 million. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC grew its holdings in shares of Planet Fitness by 568.8% in the first quarter. Cetera Advisors LLC now owns 25,320 shares of the company’s stock valued at $1,586,000 after purchasing an additional 21,534 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Planet Fitness by 74.5% in the first quarter. Cetera Investment Advisers now owns 58,699 shares of the company’s stock valued at $3,676,000 after purchasing an additional 25,054 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Planet Fitness by 72.2% in the first quarter. Virtu Financial LLC now owns 5,611 shares of the company’s stock valued at $351,000 after purchasing an additional 2,352 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Planet Fitness by 71.3% in the first quarter. Tidal Investments LLC now owns 4,941 shares of the company’s stock valued at $309,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Ionic Capital Management LLC acquired a new position in shares of Planet Fitness in the first quarter valued at approximately $814,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Company Profile

(Get Free Report)

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.

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