Planet Fitness (NYSE:PLNT) Updates FY 2026 Earnings Guidance

Planet Fitness (NYSE:PLNT) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.254-3.254 for the period, compared to the consensus EPS estimate of 3.200. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Planet Fitness Stock Up 1.2%

Shares of PLNT stock opened at $56.63 on Thursday. The stock’s 50-day moving average price is $52.78 and its 200 day moving average price is $67.60. The stock has a market capitalization of $4.50 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. Planet Fitness has a 52-week low of $37.03 and a 52-week high of $114.26.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.03. The company had revenue of $365.22 million for the quarter, compared to the consensus estimate of $356.66 million. Planet Fitness had a negative return on equity of 81.29% and a net margin of 16.52%.Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. Analysts expect that Planet Fitness will post 3.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLNT. Robert W. Baird set a $80.00 price objective on shares of Planet Fitness in a research report on Friday, May 8th. Jefferies Financial Group set a $133.00 price objective on Planet Fitness in a report on Thursday, May 7th. Wells Fargo & Company reiterated an “overweight” rating on shares of Planet Fitness in a research report on Monday, July 20th. Guggenheim cut their target price on Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Zacks Research raised Planet Fitness from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Insider Activity

In other news, Director Frances G. Rathke purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $46.21 per share, with a total value of $231,050.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.

Trending Headlines about Planet Fitness

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: Q2 results exceeded expectations: Planet Fitness reported adjusted earnings of $0.88 per share, above the $0.85 consensus estimate, while revenue of $365.22 million topped expectations of $356.66 million. Planet Fitness second-quarter earnings release
• Positive Sentiment: Guidance was raised relative to consensus: The company provided FY 2026 EPS guidance of approximately $3.254, above the $3.20 analyst estimate. Revenue guidance of roughly $1.4 billion was broadly in line with expectations, suggesting the earnings upside is primarily profitability-related.
• Positive Sentiment: Capital returns support the stock: Planet Fitness repurchased and retired approximately $200 million of Class A common stock during the quarter. System-wide same-club sales increased 1.7%, indicating continued underlying growth despite a relatively modest pace. Planet Fitness announces second-quarter 2026 results
• Negative Sentiment: Legal risk remains: Multiple law firms publicized or promoted a securities-fraud class action alleging that Planet Fitness misrepresented membership growth, pricing initiatives, its marketing strategy and its long-term outlook. The lead-plaintiff deadline is September 14, 2026. These announcements largely repeat the same lawsuit rather than represent separate legal actions, but they could weigh on sentiment and create potential financial or reputational costs. Planet Fitness investor litigation alert

Institutional Investors Weigh In On Planet Fitness

Several institutional investors and hedge funds have recently made changes to their positions in PLNT. EverSource Wealth Advisors LLC increased its holdings in Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Planet Fitness during the 4th quarter worth approximately $41,000. Danske Bank A S acquired a new position in shares of Planet Fitness during the 3rd quarter worth approximately $52,000. Caitong International Asset Management Co. Ltd lifted its stake in Planet Fitness by 6,588.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 602 shares of the company’s stock valued at $62,000 after buying an additional 593 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Planet Fitness by 300.9% during the 4th quarter. Parallel Advisors LLC now owns 930 shares of the company’s stock valued at $101,000 after buying an additional 698 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.