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Planet Fitness (PLNT) Stock Forecast, Price & News

$67.27
+0.07 (+0.10%)
(As of 04:00 PM ET)
Compare
Today's Range
$66.78
$68.46
50-Day Range
$63.13
$83.14
52-Week Range
$54.15
$85.90
Volume
1.14 million shs
Average Volume
1.02 million shs
Market Capitalization
$6.00 billion
P/E Ratio
53.82
Dividend Yield
N/A
Price Target
$86.33

Planet Fitness MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
26.7% Upside
$86.33 Price Target
Short Interest
Healthy
4.04% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
1.14mentions of Planet Fitness in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$16,657 Sold Last Quarter
Proj. Earnings Growth
22.22%
From $2.16 to $2.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Consumer Discretionary Sector

25th out of 270 stocks

Membership Sports & Recreation Clubs Industry

1st out of 3 stocks


PLNT stock logo

About Planet Fitness (NYSE:PLNT) Stock

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 Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States and Canada. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.

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PLNT Stock News Headlines

Planet Fitness (NYSE:PLNT) Trading Up 3.3%
WARNING TO ALL U.S. INVESTORS
May 16, 2023... The Day That Will Financially Paralyze 181 Million American Investors... Here are 3 steps to prepare yourself >>>
Planet Fitness (NYSE:PLNT) Shares Gap Up to $63.71
Planet Fitness (NYSE:PLNT) Shares Gap Up to $63.71
WARNING TO ALL U.S. INVESTORS
May 16, 2023... The Day That Will Financially Paralyze 181 Million American Investors... Here are 3 steps to prepare yourself >>>
See More Headlines

PLNT Price History

PLNT Company Calendar

Last Earnings
5/04/2023
Today
6/09/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

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 Forecast
$86.33
High Stock Price Forecast
$98.00
Low Stock Price Forecast
$67.00
Forecasted Upside/Downside
+26.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$99.40 million
Pretax Margin
17.04%

Debt

Sales & Book Value

Annual Sales
$936.77 million
Cash Flow
$3.14 per share
Book Value
($2.36) per share

Miscellaneous

Free Float
83,894,000
Market Cap
$6.08 billion
Optionable
Optionable
Beta
1.31

Key Executives

  • Mr. Christopher J. RondeauMr. Christopher J. Rondeau (Age 50)
    CEO & Director
    Comp: $2.16M
  • Mr. Thomas J. FitzgeraldMr. Thomas J. Fitzgerald (Age 62)
    Chief Financial Officer
    Comp: $981.33k
  • Mr. William BodeMr. William Bode
    Division Pres of U.S. Franchise
  • Ms. Jennifer Simmons (Age 53)
    Division Pres of Corp. Clubs
    Comp: $480.89k
  • Mr. Edward Hymes (Age 55)
    Pres & COO
  • Mr. Brian M. O'Donnell (Age 44)
    VP & Chief Accounting Officer
  • Mr. Paul Barber
    Chief Information Officer
  • Ms. Stacey Caravella
    VP of Investor Relations
  • Mr. Justin Vartanian
    Gen. Counsel & Sec.
  • Mr. McCall Gosselin
    Sr. VP of Communications and Corp. Social Responsibility













PLNT Stock - Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PLNT shares.
View PLNT analyst ratings
or view top-rated stocks.

What is Planet Fitness' stock price forecast for 2023?

12 brokerages have issued 1-year price targets for Planet Fitness' stock. Their PLNT share price forecasts range from $67.00 to $98.00. On average, they anticipate the company's stock price to reach $86.33 in the next year. This suggests a possible upside of 26.7% 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 2023?

Planet Fitness' stock was trading at $78.80 on January 1st, 2023. Since then, PLNT shares have decreased by 13.5% and is now trading at $68.16.
View the best growth stocks for 2023 here
.

When is Planet Fitness' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our PLNT earnings forecast
.

How were Planet Fitness' earnings last quarter?

Planet Fitness, Inc. (NYSE:PLNT) issued its earnings results on Thursday, May, 4th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.46 by $0.05. The company earned $222.23 million during the quarter, compared to analyst estimates of $238.30 million. Planet Fitness had a negative trailing twelve-month return on equity of 73.81% and a net margin of 10.86%. Planet Fitness's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share.

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

Planet Fitness updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $2.18-$2.23 for the period, compared to the consensus estimate of $2.21. The company issued revenue guidance of $1.06 billion-$1.07 billion, compared to the consensus revenue estimate of $1.07 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?

(PLNT) raised $202 million in an initial public offering 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.

What is Planet Fitness' stock symbol?

Planet Fitness trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLNT."

Who are Planet Fitness' major shareholders?

Planet Fitness' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.86%), JPMorgan Chase & Co. (2.94%), Eagle Asset Management Inc. (2.44%), Bank of New York Mellon Corp (2.37%), Champlain Investment Partners LLC (2.16%) and Bares Capital Management Inc. (2.16%). Insiders that own company stock include Brian O'donnell, Christopher Rondeau, Dorvin D Lively, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Planet Fitness' stock price today?

One share of PLNT stock can currently be purchased for approximately $68.16.

How much money does Planet Fitness make?

Planet Fitness (NYSE:PLNT) has a market capitalization of $6.08 billion and generates $936.77 million in revenue each year. The company earns $99.40 million in net income (profit) each year or $1.25 on an earnings per share basis.

How many employees does Planet Fitness have?

The company employs 2,795 workers across the globe.

How can I contact Planet Fitness?

Planet Fitness' mailing address is 4 LIBERTY LANE WEST, HAMPTON NH, 03842. The official website for the company is www.planetfitness.com. The company can be reached via phone at (603) 750-0001 or via email at investor@planetfitness.com.

This page (NYSE:PLNT) was last updated on 6/9/2023 by MarketBeat.com Staff

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