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Planet Fitness (PLNT) Stock Forecast, Price & News

$64.22
-0.81 (-1.25%)
(As of 02:34 PM ET)
Compare
Today's Range
$63.67
$64.81
50-Day Range
$65.05
$83.14
52-Week Range
$54.15
$85.90
Volume
504,441 shs
Average Volume
957,523 shs
Market Capitalization
$5.73 billion
P/E Ratio
51.38
Dividend Yield
N/A
Price Target
$86.33

Planet Fitness MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
34.5% 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
1.01mentions of Planet Fitness in the last 14 days
Based on 9 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

31st out of 277 stocks

Membership Sports & Recreation Clubs Industry

2nd out of 3 stocks


PLNT stock logo

About Planet Fitness (NYSE:PLNT) Stock

Planet Fitness, Inc. engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. The Corporate-Owned Stores segment comprises operations with respect to all Corporate-owned stores throughout the United States and Canada. The Equipment segment involves the sale of equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Hampton, NH.

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PLNT Stock News Headlines

Ball, Royal Caribbean rise; Qualcomm, Planet Fitness fall
Stocks that traded heavily or had substantial price changes Thursday: Ball, Royal Caribbean rise; Qualcomm, Planet Fitness fall
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
See More Headlines
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PLNT Company Calendar

Last Earnings
5/04/2023
Today
5/31/2023
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
+32.7%
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
$3.04 per share
Book Value
($1.78) per share

Miscellaneous

Free Float
84,777,000
Market Cap
$5.80 billion
Optionable
Optionable
Beta
1.30

Key Executives

  • Christopher J. RondeauChristopher J. Rondeau
    Chief Executive Officer & Director
  • Edward Hymes
    President & Chief Operating Officer
  • Thomas J. FitzgeraldThomas J. Fitzgerald
    Chief Financial Officer
  • Paul Barber
    Chief Information Officer
  • Brian M. O’DonnellBrian M. O’Donnell
    Chief Accounting Officer & Vice President













PLNT Stock - Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. 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.
View PLNT analyst ratings
or view top-rated stocks.

What is Planet Fitness' stock price forecast for 2023?

12 analysts have issued 1-year target prices for Planet Fitness' stock. Their PLNT share price forecasts range from $67.00 to $98.00. On average, they expect the company's share price to reach $86.33 in the next twelve months. This suggests a possible upside of 32.7% 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 at the beginning of 2023. Since then, PLNT shares have decreased by 17.4% and is now trading at $65.05.
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) released its quarterly earnings results on Thursday, May, 4th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $222.23 million for the quarter, compared to analysts' expectations 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%. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS.

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

Planet Fitness issued an update on 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 EPS 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 (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 acted 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 many different institutional and retail investors. Top institutional shareholders 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 $65.05.

How much money does Planet Fitness make?

Planet Fitness (NYSE:PLNT) has a market capitalization of $5.80 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 5/31/2023 by MarketBeat.com Staff

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