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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
AI Stock Caught Trading Under Secret Name (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
AI Stock Caught Trading Under Secret Name (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
AI Stock Caught Trading Under Secret Name (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
AI Stock Caught Trading Under Secret Name (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
AI Stock Caught Trading Under Secret Name (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
AI Stock Caught Trading Under Secret Name (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
AI Stock Caught Trading Under Secret Name (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
AI Stock Caught Trading Under Secret Name (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
AI Stock Caught Trading Under Secret Name (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
NYSE:PLNT

Planet Fitness (PLNT) Stock Price, News & Analysis

$63.71
+1.33 (+2.13%)
(As of 02/23/2024 ET)
Today's Range
$61.05
$64.38
50-Day Range
$62.38
$74.92
52-Week Range
$44.13
$84.48
Volume
2.39 million shs
Average Volume
1.48 million shs
Market Capitalization
$5.62 billion
P/E Ratio
39.57
Dividend Yield
N/A
Price Target
$70.69

Planet Fitness MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
11.0% Upside
$70.69 Price Target
Short Interest
Healthy
4.11% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
0.79mentions of Planet Fitness in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$66.55 M Sold Last Quarter
Proj. Earnings Growth
13.12%
From $2.21 to $2.50 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.

4.74 out of 5 stars

Consumer Discretionary Sector

20th out of 265 stocks

Membership Sports & Recreation Clubs Industry

1st 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 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.

PLNT Stock Price History

PLNT Stock News Headlines

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Planet Fitness price target lowered by $9 at TD Cowen, here's why
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Planet Fitness (NYSE:PLNT) Beats Q4 Sales Targets
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
2/24/2024
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
$70.69
High Stock Price Target
$92.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
15 Analysts

Profitability

Net Income
$99.40 million
Pretax Margin
18.81%

Debt

Sales & Book Value

Annual Sales
$936.77 million
Cash Flow
$3.00 per share
Book Value
($2.36) per share

Miscellaneous

Free Float
82,911,000
Market Cap
$5.62 billion
Optionable
Optionable
Beta
1.44
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PLNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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?

15 brokers have issued 12 month price objectives for Planet Fitness' stock. Their PLNT share price targets range from $45.00 to $92.00. On average, they predict the company's share price to reach $70.69 in the next twelve months. This suggests a possible upside of 11.0% 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 beginning of 2024. Since then, PLNT stock has decreased by 12.7% and is now trading at $63.71.
View the best growth stocks for 2024 here
.

Are investors shorting Planet Fitness?

Planet Fitness saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 3,620,000 shares, a decrease of 17.4% from the January 15th total of 4,380,000 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 2.7 days.
View Planet Fitness' Short Interest
.

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) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $285.10 million for the quarter, compared to the consensus estimate of $282.35 million. Planet Fitness had a negative trailing twelve-month return on equity of 102.85% and a net margin of 12.80%. The company's revenue was up 1.4% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share.

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

Planet Fitness updated its FY24 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of $2.46-2.49 for the period, compared to the consensus EPS 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?

(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 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 Vanguard Group Inc. (9.16%), Cadian Capital Management LP (5.03%), Dorsal Capital Management LP (2.84%), Eagle Asset Management Inc. (2.31%), Franklin Resources Inc. (2.14%) and Point72 Asset Management L.P. (2.08%). Insiders that own company stock include Brian O'donnell, Christopher Rondeau, Craig R Benson, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PLNT) was last updated on 2/24/2024 by MarketBeat.com Staff