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

Planet Fitness (NYSE:PLNT) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 3.254-3.254 for the period, compared to the consensus 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.

Analysts Set New Price Targets

PLNT has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on Planet Fitness from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 24th. Weiss Ratings lowered Planet Fitness from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. TD Cowen reaffirmed a “hold” rating on shares of Planet Fitness in a research report on Friday, May 29th. Royal Bank Of Canada dropped their price target on Planet Fitness from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, KGI Securities lowered Planet Fitness to a “neutral” rating and set a $50.50 price objective on the stock. in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.03.

Planet Fitness Trading Down 2.3%

Shares of PLNT stock opened at $50.04 on Friday. Planet Fitness has a twelve month low of $37.03 and a twelve month high of $114.26. The stock has a market cap of $3.98 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.09 and a beta of 1.03. The stock has a 50 day moving average of $52.68 and a 200 day moving average of $67.15.

Planet Fitness (NYSE:PLNT) last posted 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. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The firm had revenue of $365.22 million during the quarter, compared to analyst estimates of $356.21 million. During the same period in the previous year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. On average, research analysts predict that Planet Fitness will post 3.25 earnings per share for the current fiscal year.

Planet Fitness News Roundup

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

• Positive Sentiment: Planet Fitness exceeded expectations in the second quarter, reporting adjusted EPS of $0.88 versus the $0.85 consensus estimate and revenue of $365.2 million versus estimates of $356.2 million. Revenue increased 7.1% year over year. Planet Fitness Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management repurchased and retired approximately $200 million of Class A stock during the quarter, while raising its full-year 2026 EPS outlook to approximately $3.254, above the roughly $3.20 analyst consensus. The company continues to target 180–190 new club openings. Planet Fitness Announces Second Quarter 2026 Results
• Neutral Sentiment: Analyst coverage highlighted pricing tests, marketing changes and a strategic shift intended to support growth. However, system-wide same-club sales rose only 1.7%, suggesting that the benefits of these initiatives have not yet fully offset softer member growth. PLNT Q2 Deep Dive
• Negative Sentiment: Several law firms publicized a previously filed securities class-action lawsuit against Planet Fitness and certain executives. The complaints allege that the company failed to disclose risks related to its marketing strategy and market conditions before a May 2026 guidance revision. The allegations have not been proven, but the repeated notices may pressure sentiment and create potential legal costs or liabilities. The lead-plaintiff deadline is September 14, 2026. Planet Fitness Securities Class Action Announcement

Institutional Trading of Planet Fitness

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position 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 valued at $36,000 after acquiring an additional 214 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Planet Fitness in the 4th quarter valued at about $41,000. Danske Bank A S acquired a new stake in Planet Fitness in the 3rd quarter valued at about $52,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 during the period. Finally, Parallel Advisors LLC grew its stake in Planet Fitness by 300.9% during the 4th quarter. Parallel Advisors LLC now owns 930 shares of the company’s stock worth $101,000 after buying an additional 698 shares during the last quarter. Hedge funds and other 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.