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NYSE:PLNTPlanet Fitness Stock Price, Forecast & News

$54.95
-2.16 (-3.78 %)
(As of 07/13/2020 04:00 PM ET)
Add
Compare
Today's Range
$54.80
Now: $54.95
$58.44
50-Day Range
$56.13
MA: $65.46
$77.18
52-Week Range
$23.77
Now: $54.95
$88.77
Volume2.00 million shs
Average Volume2.37 million shs
Market Capitalization$4.75 billion
P/E Ratio46.18
Dividend YieldN/A
Beta1.22
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It 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, the Dominican Republic, and Panama. 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. As of June 30, 2018, the company had 1,608 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, and Mexico. Planet Fitness, Inc. has a strategic collaboration with Kohl's Corporation to open Planet Fitness stores. The company was founded in 1992 and is headquartered in Hampton, New Hampshire.
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Planet Fitness logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


Industry, Sector and Symbol

Industry Membership sports & recreation clubs
Sub-IndustryN/A
CUSIPN/A
Phone603-750-0001

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$688.80 million
Cash Flow$2.17 per share
Book Value($8.13) per share

Profitability

Net Income$117.69 million

Miscellaneous

Employees1,464
Market Cap$4.75 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Planet Fitness (NYSE:PLNT) Frequently Asked Questions

How has Planet Fitness' stock been impacted by COVID-19 (Coronavirus)?

Planet Fitness' stock was trading at $57.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PLNT stock has decreased by 3.6% and is now trading at $54.95. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Planet Fitness?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Planet Fitness.

When is Planet Fitness' next earnings date?

Planet Fitness is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Planet Fitness.

How were Planet Fitness' earnings last quarter?

Planet Fitness Inc (NYSE:PLNT) posted its earnings results on Tuesday, May, 5th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.20. The business earned $127.23 million during the quarter, compared to the consensus estimate of $152.61 million. Planet Fitness had a net margin of 14.82% and a negative return on equity of 23.53%. Planet Fitness's revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. View Planet Fitness' earnings history.

What price target have analysts set for PLNT?

17 Wall Street analysts have issued 12-month price objectives for Planet Fitness' stock. Their forecasts range from $55.00 to $90.00. On average, they anticipate Planet Fitness' share price to reach $76.19 in the next twelve months. This suggests a possible upside of 38.6% from the stock's current price. View analysts' price targets for Planet Fitness.

Has Planet Fitness been receiving favorable news coverage?

News articles about PLNT stock have trended very negative on Monday, InfoTrie reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Planet Fitness earned a news sentiment score of -3.2 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Planet Fitness.

Are investors shorting Planet Fitness?

Planet Fitness saw a decline in short interest in June. As of June 30th, there was short interest totaling 7,930,000 shares, a decline of 20.3% from the June 15th total of 9,950,000 shares. Based on an average trading volume of 2,740,000 shares, the short-interest ratio is currently 2.9 days. Approximately 10.0% of the shares of the company are sold short. View Planet Fitness' Current Options Chain.

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 Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Micron Technology (MU), Paypal (PYPL), Trade Desk (TTD), Netflix (NFLX), Canopy Growth (CGC), salesforce.com (CRM) and Advanced Micro Devices (AMD).

Who are Planet Fitness' key executives?

Planet Fitness' management team includes the following people:
  • Mr. Christopher J. Rondeau, CEO & Director (Age 46)
  • Mr. Dorvin Donald Lively, Pres & CFO (Age 60)
  • Mr. Craig Jeffrey Miller, Chief Digital & Information Officer (Age 58)
  • Mr. Roger Verghis Chacko, Chief Commercial Officer (Age 52)
  • Mr. Justin Vartanian, Gen. Counsel & Sec.

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 $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 number of retail and institutional investors. Top institutional shareholders include Whittier Trust Co. (0.05%), Gradient Investments LLC (0.03%), Envestnet Asset Management Inc. (0.02%), Whittier Trust Co. of Nevada Inc. (0.02%) and Groesbeck Investment Management Corp NJ (0.01%). Company insiders that own Planet Fitness stock include Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, David P Berg and Dorvin D Lively. 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 Envestnet Asset Management Inc., Gradient Investments LLC, Whittier Trust Co., and Groesbeck Investment Management Corp NJ. View insider buying and selling activity for Planet Fitness.

Which major investors are buying Planet Fitness stock?

PLNT stock was acquired by a variety of institutional investors in the last quarter, including Whittier Trust Co. of Nevada Inc.. Company insiders that have bought Planet Fitness stock in the last two years include Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, and Dorvin D Lively. View insider buying and selling activity for Planet Fitness.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Planet Fitness' stock price today?

One share of PLNT stock can currently be purchased for approximately $54.95.

How big of a company is Planet Fitness?

Planet Fitness has a market capitalization of $4.75 billion and generates $688.80 million in revenue each year. The company earns $117.69 million in net income (profit) each year or $1.59 on an earnings per share basis. Planet Fitness employs 1,464 workers across the globe.

What is Planet Fitness' official website?

The official website for Planet Fitness is www.planetfitness.com.

How can I contact Planet Fitness?

Planet Fitness' mailing address is 4 LIBERTY LANE WEST, HAMPTON NH, 03842. The company can be reached via phone at 603-750-0001 or via email at [email protected]

This page was last updated on 7/13/2020 by MarketBeat.com Staff

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