NYSE:PLNT

Planet Fitness (PLNT) Stock Forecast, Price & News

$46.97

-1.26 (-2.61%)

(As of 10/3/2023 ET)

Compare

Today's Range: $46.50
▼
$48.26
50-Day Range: $44.39
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$67.67
52-Week Range: $44.13
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$85.90

Volume: 1.80 million shs
Average Volume: 2.97 million shs
Market Capitalization: $4.14 billion

P/E Ratio: 31.95
Dividend Yield: N/A
Price Target: $70.65

Planet Fitness MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 50.4% Upside
$70.65 Price Target
Short Interest: Bearish
5.32% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.17
Upright™ Environmental Score
News Sentiment: 1.17
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.60%
From $2.18 to $2.52 Per Share

Overall MarketRank^™

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

3.21 out of 5 stars

Consumer Discretionary Sector

7th out of 271 stocks

Membership Sports & Recreation Clubs Industry

1st out of 2 stocks

4.4

Analyst's Opinion

Consensus Rating
Planet Fitness has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 11 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $70.65, Planet Fitness has a forecasted upside of 50.4% from its current price of $46.97.
Amount of Analyst Coverage
Planet Fitness has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
5.32% of the outstanding shares of Planet Fitness have been sold short.
Short Interest Ratio / Days to Cover
Planet Fitness has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Planet Fitness does not currently pay a dividend.
Dividend Growth
Planet Fitness does not have a long track record of dividend growth.

4.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Planet Fitness has received a 67.23% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Fitness club services", "Face-to-face personal training", and "Fitness applications" products. See details.
Environmental Sustainability
The Environmental Impact score for Planet Fitness is -1.17.

3.4

News and Social Media Coverage

News Sentiment
Planet Fitness has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Planet Fitness this week, compared to 6 articles on an average week.
Search Interest
Only 6 people have searched for PLNT on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
16 people have added Planet Fitness to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Planet Fitness insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.95% of the stock of Planet Fitness is held by insiders.
Percentage Held by Institutions
95.53% of the stock of Planet Fitness is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Planet Fitness are expected to grow by 15.60% in the coming year, from $2.18 to $2.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Planet Fitness is 31.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Planet Fitness is 31.95, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.09.
Price to Earnings Growth Ratio
Planet Fitness has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.

See Top Rated MarketRank™ Stocks Here

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.

PLNT Price History

30 days | 90 days | 365 days | Advanced Chart

PLNT Stock News Headlines

September 30, 2023 | marketbeat.com

MarketBeat Week in Review – 9/25 - 9/29 (PLNT)

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September 27, 2023 | marketbeat.com

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September 22, 2023 | marketbeat.com

52-week Low Names To Tip The Upside Scale In Your Favor (PLNT)

A fresh list of high-quality businesses that just reached their 52-week low prices is in; tip the return scale in your favor this quarter

September 15, 2023 | marketbeat.com

Nucor, Planet Fitness fall; Newmont, Frequency Electronics rise, Friday, 9/15/2023

Stocks that are trading heavily or have substantial price changes on Friday: Nucor, Planet Fitness fall; Newmont, Frequency Electronics rise

October 3, 2023 | benzinga.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Planet Fitness, Inc. – PLNT

October 1, 2023 | americanbankingnews.com

Planet Fitness (NYSE:PLNT) Trading 4.3% Higher

September 30, 2023 | americanbankingnews.com

Planet Fitness (NYSE:PLNT) Earns Overweight Rating from Analysts at Morgan Stanley

October 4, 2023 | Behind the Markets (Ad)

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September 29, 2023 | finance.yahoo.com

Is Planet Fitness (PLNT) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap

September 29, 2023 | investing.com

Planet Fitness shares plunge as board ousts CEO

September 28, 2023 | finance.yahoo.com

Planet Fitness (PLNT) is a Top-Ranked Growth Stock: Should You Buy?

September 27, 2023 | americanbankingnews.com

Planet Fitness, Inc. (NYSE:PLNT) Given Average Recommendation of "Moderate Buy" by Brokerages

September 23, 2023 | msn.com

Planet Fitness' longtime CEO says he was 'blindsided' by abrupt firing that sent gym's stock plummeting — and barred him from talking to staff

September 22, 2023 | businesswire.com

PLANET FITNESS ALERT: Bragar Eagel & Squire, P.C. is Investigating Planet Fitness, Inc. on Behalf of Planet Fitness Stockholders and Encourages Investors to Contact the Firm

September 21, 2023 | benzinga.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Planet Fitness, Inc. - PLNT

September 21, 2023 | benzinga.com

MOORE KUEHN ENCOURAGES PLANET FITNESS INC. INVESTORS TO CONTACT LAW FIRM

September 20, 2023 | msn.com

JP Morgan Downgrades Planet Fitness Inc - (PLNT)

September 19, 2023 | msn.com

Planet Fitness drops to new low after JPMorgan pulls bull rating

September 19, 2023 | msn.com

Planet Fitness CEO drama brings out bullish and bearish takes on the stock

September 19, 2023 | finance.yahoo.com

Planet Fitness (PLNT) Stock: A Hidden Value Trap? Unpacking the Risks and Rewards

September 18, 2023 | benzinga.com

Planet Fitness, Inc.: Company Investigated by the Portnoy Law Firm

September 18, 2023 | finance.yahoo.com

Planet Fitness Needs a Strength Boost

September 18, 2023 | baystreet.ca

Planet Fitness’ Stock Crashes Following CEO's Departure

September 18, 2023 | reuters.com

Planet Fitness races against rate hikes

September 18, 2023 | finance.yahoo.com

Micron upgraded, PayPal downgraded: Wall Street's top analyst calls

September 18, 2023 | msn.com

Here are the 12 stocks Jim Cramer is watching, including Netflix, Arm, Planet Fitness

See More Headlines

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PLNT Company Calendar

Last Earnings: 8/03/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Membership sports & recreation clubs
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:PLNT
CUSIP: N/A
CIK: 1637207
Web: www.planetfitness.com
Phone: (603) 750-0001
Fax: N/A
Employees: 2,795
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $70.65
High Stock Price Forecast: $92.00
Low Stock Price Forecast: $52.00
Forecasted Upside/Downside: +50.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.47
Trailing P/E Ratio: 31.95
Forward P/E Ratio: 21.55
P/E Growth: 0.77
Net Income: $99.40 million
Net Margins: 12.03%
Pretax Margin: 18.57%
Return on Equity: -86.09%
Return on Assets: 6.27%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.84
Quick Ratio: 1.82

Sales & Book Value

Annual Sales: $936.77 million
Price / Sales: 4.42
Cash Flow: $2.97 per share
Price / Cash Flow: 15.84
Book Value: ($2.36) per share
Price / Book: -19.90

Miscellaneous

Outstanding Shares: 88,140,000
Free Float: 83,779,000
Market Cap: $4.14 billion
Optionable: Optionable
Beta: 1.34

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Key Executives

Mr. Christopher J. Rondeau (Age 50)
CEO & Director
Comp: $2.16M

Mr. Thomas J. Fitzgerald (Age 62)
Chief Financial Officer
Comp: $981.33k

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLNT Stock - Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 1 sell rating, 4 hold ratings, 11 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 forecast for 2023?: 17 equities research analysts have issued 12-month price targets for Planet Fitness' shares. Their PLNT share price forecasts range from $52.00 to $92.00. On average, they anticipate the company's stock price to reach $70.65 in the next year. This suggests a possible upside of 50.4% 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 start of the year. Since then, PLNT stock has decreased by 40.4% and is now trading at $46.97.
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, November 14th 2023.
View our PLNT earnings forecast.
How were Planet Fitness' earnings last quarter?: Planet Fitness, Inc. (NYSE:PLNT) issued its quarterly earnings data on Thursday, August, 3rd. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. The firm earned $286.50 million during the quarter, compared to analyst estimates of $251.99 million. Planet Fitness had a negative trailing twelve-month return on equity of 86.09% and a net margin of 12.03%. The business's quarterly revenue was up 27.7% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS.
What ETFs hold Planet Fitness' stock?: 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), Global X Millennial Consumer ETF (MILN) and iShares Morningstar Small-Cap Growth ETF (ISCG).Leatherback Long/Short Alternative Yield ETF (LBAY),
What guidance has Planet Fitness issued on next quarter's earnings?: Planet Fitness updated its FY 2023 earnings guidance on Saturday, August, 12th. The company provided earnings per share guidance of $2.20-$2.20 for the period, compared to the consensus estimate of $2.16. The company issued revenue guidance of $1.05 billion-$1.05 billion, compared to the consensus revenue estimate of $1.05 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 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."
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 $46.97.
How much money does Planet Fitness make?: Planet Fitness (NYSE:PLNT) has a market capitalization of $4.14 billion and generates $936.77 million in revenue each year. The company earns $99.40 million in net income (profit) each year or $1.47 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 10/4/2023 by MarketBeat.com Staff

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