Planet Fitness (PLNT) Stock Forecast, Price & News

12 Wall Street equities 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 equities research analysts is that investors should "buy" PLNT shares.
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12 analysts have issued 12 month target prices for Planet Fitness' shares. Their PLNT share price forecasts range from $67.00 to $98.00. On average, they anticipate the company's share price to reach $86.33 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
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Planet Fitness' stock was trading at $78.80 at the start of the year. Since then, PLNT stock has decreased by 15.8% and is now trading at $66.35.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Planet Fitness, Inc. (NYSE:PLNT) announced its quarterly earnings data on Thursday, May, 4th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.05. The firm had revenue of $222.23 million for the quarter, compared to the consensus estimate of $238.30 million. Planet Fitness had a net margin of 10.86% and a negative trailing twelve-month return on equity of 73.81%. Planet Fitness's revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share.

ETFs with the largest weight of Planet Fitness (NYSE:PLNT) stock in their portfolio include Global X Health & Wellness ETF (BFIT), BlackRock Future Innovators ETF (BFTR), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco Raymond James SB-1 Equity ETF (RYJ), First Trust Consumer Discretionary AlphaDEX Fund (FXD), First Trust Mid Cap Growth AlphaDEX Fund (FNY), IQ Healthy Hearts ETF (HART) and RiverNorth Patriot ETF (FLDZ).

Planet Fitness updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $2.18-$2.23 for the period, compared to the consensus earnings per share 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.

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.

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).

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

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

Planet Fitness' stock is owned by a number of institutional and retail 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.
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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.
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One share of PLNT stock can currently be purchased for approximately $66.35.

Planet Fitness (NYSE:PLNT) has a market capitalization of $5.92 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.

The company employs 2,795 workers across the globe.

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.