<div id="readability-page-1"><p><span>Planet Fitness (NYSE:PLNT - Get Free Report)</span> was upgraded by research analysts at Guggenheim to a &#34;strong-buy&#34; rating in a report released on Wednesday,Zacks.com reports.</p><div><p><span></span><span>Get <strong>Planet Fitness</strong> alerts:</span></p></div><ul><li>HSAs for Gym Memberships? These 3 Fitness Stocks Could Soar</li></ul><p>A number of other analysts have also issued reports on the stock. Cowen  reiterated a &#34;buy&#34; rating on shares of Planet Fitness in a research note on Friday, November 14th. Canaccord Genuity Group raised their price target on shares of Planet Fitness from $130.00 to $139.00 and gave the company a &#34;buy&#34; rating in a report on Monday, November 17th. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of Planet Fitness in a research note on Monday. Jefferies Financial Group  reiterated a &#34;buy&#34; rating on shares of Planet Fitness in a report on Wednesday, September 24th. Finally, Stifel Nicolaus upped their price objective on shares of Planet Fitness from $125.00 to $130.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned  a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $119.92.</p><p><b>Read Our Latest Stock Analysis on PLNT</b></p><h2>Planet Fitness Price Performance</h2><ul><li>3 gym stocks to cash in on dieters’ New Year's resolutions </li></ul><p>Shares of NYSE PLNT opened at $107.59 on Wednesday. Planet Fitness has a 1-year low of $87.72 and a 1-year high of $114.47. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 2.41 and a beta of 1.28. The business has a 50-day moving average of $101.19 and a 200-day moving average of $104.29. </p><p>Planet Fitness (NYSE:PLNT - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $330.35 million for the quarter, compared to the consensus estimate of $323.95 million. Planet Fitness had a negative return on equity of 126.58% and a net margin of 15.97%.The company's revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS.  Research analysts expect that  Planet Fitness will post 2.51 EPS for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><ul><li>MarketBeat Week in Review – 9/25 - 9/29</li></ul><p>A number of large investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd grew its holdings in  Planet Fitness by 81.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,935 shares of the company's stock worth $408,000 after acquiring an additional 1,763 shares in the last quarter.  Strategic Advocates LLC acquired a new stake in shares of  Planet Fitness in the 3rd quarter valued at about $75,000.  CIBC Private Wealth Group LLC lifted its position in shares of  Planet Fitness by 33.2% during the third quarter. CIBC Private Wealth Group LLC now owns 273,939 shares of the company's stock worth $28,435,000 after purchasing an additional 68,244 shares during the last quarter.  CIBC Bancorp USA Inc. acquired a new position in  Planet Fitness in the third quarter worth about $28,515,000.  Finally, Coldstream Capital Management Inc. grew its stake in  Planet Fitness by 9.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,614 shares of the company's stock worth $375,000 after purchasing an additional 308 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors. </p><h2>About Planet Fitness</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Planet Fitness</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>What is diluted earnings per share (Diluted EPS)?</li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBMTlQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBMTlQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Planet Fitness Right Now?</h2><p>Before you consider Planet Fitness, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Planet Fitness wasn't on the list.</p><p>While Planet Fitness currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PLNT

<p>Guggenheim upgraded Planet Fitness (NYSE:PLNT) to a "strong-buy" rating. Other analysts, including Cowen and Canaccord Genuity, have also issued "buy" ratings, with price targets raised. The stock has a consensus "Moderate Buy" rating and a price target of $119.92. Planet Fitness reported strong earnings, with a 13% revenue increase year-over-year. Institutional investors have shown interest, with significant stake changes in the third quarter. The company operates fitness centers globally under the Planet Fitness brand.</p>

Planet Fitness (NYSE:PLNT) Raised to Strong-Buy at Guggenheim