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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:PLNT

Planet Fitness Stock Forecast, Price & News

$71.62
+4.13 (+6.12%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$68.02
$72.14
50-Day Range
$61.47
$86.83
52-Week Range
$61.11
$99.60
Volume
1.15 million shs
Average Volume
736,797 shs
Market Capitalization
$6.52 billion
P/E Ratio
111.91
Dividend Yield
N/A
Price Target
$98.91
30 days | 90 days | 365 days | Advanced Chart

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PLNT Stock Forecast (MarketRank)

Overall MarketRank

2.57 out of 5 stars

Consumer Discretionary Sector

101st out of 397 stocks

Membership Sports & Recreation Clubs Industry

1st out of 3 stocks

Analyst Opinion: 3.5Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Planet Fitness logo

About Planet Fitness (NYSE:PLNT)

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. 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. As of December 31,2021, the company had 2,254 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.

PLNT Stock News Headlines

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Industry, Sector and Symbol

Industry
Membership sports & recreation clubs
Sub-Industry
N/A
Fax
N/A
Employees
1,774
Year Founded
N/A

Company Calendar

Last Earnings
5/10/2022
Today
6/26/2022
Next Earnings (Estimated)
8/08/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$98.91
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+38.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.9
Research Coverage
10 Analysts

Profitability

Net Income
$42.77 million
Pretax Margin
10.99%

Debt

Sales & Book Value

Annual Sales
$587.02 million
Cash Flow
$1.62 per share
Book Value
($7.40) per share

Miscellaneous

Free Float
85,619,000
Market Cap
$6.52 billion
Optionable
Optionable
Beta
1.17














Planet Fitness Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Planet Fitness stock.
View analyst ratings for Planet Fitness
or view top-rated stocks.

What is Planet Fitness' stock price forecast for 2022?

10 brokerages have issued 1 year price objectives for Planet Fitness' shares. Their PLNT stock forecasts range from $72.00 to $130.00. On average, they predict Planet Fitness' share price to reach $98.91 in the next twelve months. This suggests a possible upside of 38.1% from the stock's current price.
View analysts' price targets for Planet Fitness
or view top-rated stocks among Wall Street analysts.

How has Planet Fitness' stock performed in 2022?

Planet Fitness' stock was trading at $90.58 at the beginning of 2022. Since then, PLNT stock has decreased by 20.9% and is now trading at $71.62.
View the best growth stocks for 2022 here
.

Are investors shorting Planet Fitness?

Planet Fitness saw a decrease in short interest in May. As of May 31st, there was short interest totaling 2,870,000 shares, a decrease of 17.8% from the May 15th total of 3,490,000 shares. Based on an average daily volume of 893,100 shares, the short-interest ratio is presently 3.2 days.
View Planet Fitness' Short Interest
.

When is Planet Fitness' next earnings date?

Planet Fitness is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Planet Fitness
.

How were Planet Fitness' earnings last quarter?

Planet Fitness, Inc. (NYSE:PLNT) released its earnings results on Tuesday, May, 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The business earned $186.70 million during the quarter, compared to analysts' expectations of $190.44 million. Planet Fitness had a negative trailing twelve-month return on equity of 16.39% and a net margin of 8.11%. Planet Fitness's quarterly revenue was up 66.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS.
View Planet Fitness' earnings history
.

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

Planet Fitness issued an update on its FY22 earnings guidance on Tuesday, May, 10th. The company provided earnings per share (EPS) guidance of ~$1.52-1.53 for the period, compared to the consensus earnings per share estimate of $1.51. The company issued revenue guidance of ~$909.8-915.7 million, compared to the consensus revenue estimate of $913.84 million.

Who are Planet Fitness' key executives?

Planet Fitness' management team includes the following people:
  • Mr. Christopher J. Rondeau, CEO & Director (Age 49, Pay $3.46M)
  • Mr. Dorvin Donald Lively B.A., Pres (Age 63, Pay $1.91M)
  • Mr. Thomas J. Fitzgerald, Chief Financial Officer (Age 61, Pay $1.11M) (LinkedIn Profile)
  • Mr. William Bode, Chief Operations Officer (LinkedIn Profile)
  • Mr. Brian M. O'Donnell, VP & Chief Accounting Officer (Age 43)
  • Ms. Stacey Caravella, VP of Investor Relations
  • Mr. Justin Vartanian, Gen. Counsel & Sec.
  • Mr. McCall Gosselin, Sr. VP of Communications and Corp. Social Responsibility
  • Mr. Ray Miolla, Chief Devel. Officer
  • Ms. Kathy E. Gentilozzi, Chief People Officer

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

615 employees have rated Planet Fitness CEO Chris Rondeau on Glassdoor.com. Chris Rondeau has an approval rating of 68% among Planet Fitness' employees.

Who are some of Planet Fitness' key competitors?

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 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.

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 Vanguard Group Inc. (8.13%), BlackRock Inc. (7.89%), JPMorgan Chase & Co. (3.29%), Bank of New York Mellon Corp (3.02%), Federated Hermes Inc. (2.20%) and Invesco Ltd. (1.87%). Company insiders that own Planet Fitness stock include Brian O'donnell, Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, Dorvin D Lively, Jeremy Tucker, Thomas J Fitzgerald III and William Bode.
View institutional ownership trends for Planet Fitness
.

Which major investors are selling Planet Fitness stock?

PLNT stock was sold by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., JPMorgan Chase & Co., AEGON ASSET MANAGEMENT UK Plc, PEAK6 Investments LLC, Peregrine Capital Management LLC, TimesSquare Capital Management LLC, Great West Life Assurance Co. Can, and Frontier Capital Management Co. LLC. Company insiders that have sold Planet Fitness company stock in the last two years include Brian O'donnell, Christopher Rondeau, Dorvin D Lively, Jeremy Tucker, and William Bode.
View insider buying and selling activity for Planet Fitness
or view top insider-selling stocks.

Which major investors are buying Planet Fitness stock?

PLNT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Champlain Investment Partners LLC, Arrowstreet Capital Limited Partnership, Chicago Capital LLC, Lord Abbett & CO. LLC, Waratah Capital Advisors Ltd., and Blair William & Co. IL.
View insider buying and selling activity for Planet Fitness
or or view top insider-buying stocks.

How do I buy shares of Planet Fitness?

Shares of PLNT 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 $71.62.

How much money does Planet Fitness make?

Planet Fitness (NYSE:PLNT) has a market capitalization of $6.52 billion and generates $587.02 million in revenue each year. The company earns $42.77 million in net income (profit) each year or $0.639990 on an earnings per share basis.

How many employees does Planet Fitness have?

Planet Fitness employs 1,774 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 Planet Fitness is www.planetfitness.com. The company can be reached via phone at (603) 750-0001 or via email at [email protected].

This page (NYSE:PLNT) was last updated on 6/26/2022 by MarketBeat.com Staff

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