How to make Honey Roasted Peanuts just like Planters?
The best first resource and guideline for replicating specific commercial products is always the nutritional fact information on the back of the package.

http://planters.com/varieties/nutrition-information.aspx?Site=1&amp;Product=2900007345

Ingredients:  Peanuts, sugar, honey, oils, corn syrup, salt, fructose, &amp; stuff.

The lesson, here, is that Planters Dry Roasted Honey Roasted Peanuts (two roasted-s?) are actually sugar-honey roasted.  Most honey-roasted nut recipes swap butter for the oil (I think that would be a desirable swap!) - but if you're looking for that Planters flavor, you're going to need to make sure your recipe calls for more sugar than honey.

Getting heavy-handed and sloppy with the honey is going to take you in the direction of some failed foray into honey peanut brittle territory - you're looking for a delicate flavoring touch here so be delicate with the ingredients.

Also, for what it's worth, please note that the Planters information would imply that their peanuts are made with no flavorings or spices.  Evaluate your recipe accordingly.