DA Davidson evaluates Planet Fitness, Inc.’s earnings. for 2025 (NYSE:PLNT)

PlanetFitness, Inc. (NYSE:PLNT – Free Report) – DA Davidson equity analysts increased their 2025 EPS estimates for Planet Fitness in a note to investors on Friday, June 14. DA Davidson analyst L. Weiser now forecasts that the company will see earnings per share of $2.82 for the year, compared to the previous estimate of $2.80. DA Davidson has a Neutral rating and a $62.00 price target on the company’s stock. The consensus estimate for Planet Fitness’ current full-year earnings is $2.43 per share.

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

See our latest stock report on PLNT

Planet Fitness shares fell 1.9%

On Monday, the zloty opened at $71.15. The company has a market capitalization 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 company’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 released its quarterly earnings data on Thursday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, $0.04 above the consensus estimate of $0.49. The company 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 revenues increased by 11.6% compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.41.

Institutional inflows and outflows

Many institutional investors have recently made changes to their position within the company. Cetera Advisors LLC increased its exposure to shares of Planet Fitness by 568.8% during 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 increased its stake in shares of Planet Fitness by 74.5% during 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 increased its exposure to shares of Planet Fitness by 72.2% during 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 increased its exposure to shares of Planet Fitness by 71.3% during 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 during the first quarter worth approximately $814,000. Institutional investors and hedge funds hold 95.53% of the company’s shares.

Planet Fitness company profile

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Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates in three segments: Franchise, Corporate Stores and Hardware. The company operates franchises in the United States, Puerto Rico, Canada, Panama, Mexico and Australia.

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