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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NYSE:PLNT

Planet Fitness (PLNT) Stock Price, News & Analysis

$58.65
-0.70 (-1.18%)
(As of 04/18/2024 ET)
Today's Range
$58.12
$59.43
50-Day Range
$56.48
$70.04
52-Week Range
$44.13
$84.48
Volume
1.85 million shs
Average Volume
1.64 million shs
Market Capitalization
$5.17 billion
P/E Ratio
36.20
Dividend Yield
N/A
Price Target
$71.00

Planet Fitness MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
21.1% Upside
$71.00 Price Target
Short Interest
Bearish
6.26% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
0.60mentions of Planet Fitness in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.52%
From $2.48 to $2.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Consumer Discretionary Sector

48th out of 250 stocks

Membership Sports & Recreation Clubs Industry

2nd out of 3 stocks

PLNT stock logo

About Planet Fitness Stock (NYSE:PLNT)

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. It engages in the sale of fitness equipment to franchisee-owned stores in the United States, Canada, and Mexico. In addition, the company operates corporate-owned stores in the United States and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.

PLNT Stock Price History

PLNT Stock News Headlines

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Planet Fitness Taps Colleen Keating as New CEO
Planet Fitness Stock Is Dropping. It Hired a New CEO.
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StockNews.com Upgrades Planet Fitness (NYSE:PLNT) to Hold
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Company Calendar

Last Earnings
2/22/2024
Today
4/18/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Membership sports & recreation clubs
Sub-Industry
N/A
Fax
N/A
Employees
2,795
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$71.00
High Stock Price Target
$89.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+20.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$138.31 million
Pretax Margin
19.37%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$3.89 per share
Book Value
($1.35) per share

Miscellaneous

Free Float
82,932,000
Market Cap
$5.20 billion
Optionable
Optionable
Beta
1.39
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PLNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PLNT shares.
View PLNT analyst ratings
or view top-rated stocks.

What is Planet Fitness' stock price target for 2024?

14 equities research analysts have issued 12 month price targets for Planet Fitness' shares. Their PLNT share price targets range from $45.00 to $89.00. On average, they predict the company's stock price to reach $71.00 in the next year. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for PLNT
or view top-rated stocks among Wall Street analysts.

How have PLNT shares performed in 2024?

Planet Fitness' stock was trading at $73.00 at the start of the year. Since then, PLNT shares have decreased by 19.7% and is now trading at $58.65.
View the best growth stocks for 2024 here
.

When is Planet Fitness' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PLNT earnings forecast
.

How were Planet Fitness' earnings last quarter?

Planet Fitness, Inc. (NYSE:PLNT) announced its earnings results on Thursday, February, 22nd. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. The firm had revenue of $285.10 million for the quarter, compared to analysts' expectations of $282.35 million. Planet Fitness had a negative trailing twelve-month return on equity of 120.89% and a net margin of 12.91%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share.

What ETFs hold Planet Fitness' stock?
What guidance has Planet Fitness issued on next quarter's earnings?

Planet Fitness issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $2.46-2.49 for the period, compared to the consensus estimate of $2.50. The company issued revenue guidance of ~$1.136-1.146 billion, compared to the consensus revenue estimate of $1.16 billion.

What is Chris Rondeau's approval rating as Planet Fitness' CEO?

615 employees have rated Planet Fitness Chief Executive Officer Chris Rondeau on Glassdoor.com. Chris Rondeau has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Planet Fitness own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Tesla (TSLA), Salesforce (CRM), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

When did Planet Fitness IPO?

Planet Fitness (PLNT) raised $202 million in an IPO on Thursday, August 6th 2015. The company issued 13,500,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan Securities Merrill Lynch, Jefferies and Credit Suisse Securities served as the underwriters for the IPO and Guggenheim Securities, Baird, William Blair, Piper Jaffray and Cowen and Company were co-managers.

Who are Planet Fitness' major shareholders?

Planet Fitness' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.25%), Diversified Trust Co (0.02%) and Park Avenue Securities LLC (0.01%). Insiders that own company stock include Brian O'donnell, Christopher Rondeau, Craig R Benson, Dorvin D Lively, Jennifer Simmons, Jeremy Tucker, Thomas J Fitzgerald III and William Bode.
View institutional ownership trends
.

How do I buy shares of Planet Fitness?

Shares of PLNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PLNT) was last updated on 4/18/2024 by MarketBeat.com Staff

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