Planet Fitness (NYSE:PLNT) Sets New 12-Month Low – Should You Sell?

Shares of Planet Fitness, Inc. (NYSE:PLNT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $70.32 and last traded at $72.9150, with a volume of 1278275 shares traded. The stock had previously closed at $73.29.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLNT. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective on shares of Planet Fitness in a research report on Tuesday, February 24th. Macquarie Infrastructure decreased their target price 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. Guggenheim raised shares of Planet Fitness to a “strong-buy” rating in a research report on Wednesday, December 10th. KeyCorp assumed coverage on shares of Planet Fitness in a research report on Thursday, March 12th. They issued an “overweight” rating and a $100.00 target price for the company. Finally, Piper Sandler downgraded shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.46.

Planet Fitness Price Performance

The firm has a market cap of $5.93 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.27 and a beta of 1.31. The business’s 50-day moving average is $82.30 and its two-hundred day moving average is $95.48.

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 analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $376.26 million during 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 firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Equities research analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PLNT. Goldman Sachs Group Inc. grew its position in shares of Planet Fitness by 1.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,389,098 shares of the company’s stock valued at $134,201,000 after acquiring an additional 24,981 shares during the period. Empowered Funds LLC bought a new position in shares of Planet Fitness in the 1st quarter valued at about $1,891,000. Prudential Financial Inc. grew its position in shares of Planet Fitness by 13.6% in the 2nd quarter. Prudential Financial Inc. now owns 7,405 shares of the company’s stock valued at $808,000 after acquiring an additional 886 shares during the period. Russell Investments Group Ltd. grew its position in shares of Planet Fitness by 4.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,824 shares of the company’s stock valued at $1,617,000 after acquiring an additional 631 shares during the period. Finally, Lido Advisors LLC bought a new position in shares of Planet Fitness in the 2nd quarter valued at about $200,000. 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.