NYSE:PLNT - Planet Fitness Stock Price, Price Target & More

Planet Fitness trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLNT."

Planet Fitness announced that its Board of Directors has approved a stock buyback program on Friday, February 23rd 2018, which permits the company to buyback $80,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Planet Fitness (NYSE:PLNT) announced its quarterly earnings data on Tuesday, May, 8th. The company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.27. The business earned $121.30 million during the quarter, compared to analyst estimates of $115.75 million. Planet Fitness had a net margin of 9.60% and a negative return on equity of 64.81%. The business's revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. View Planet Fitness' Earnings History.

Planet Fitness updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share (EPS) guidance of +40% to ~$1.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.20. The company issued revenue guidance of +20% to ~$516 million, compared to the consensus revenue estimate of $522.92 million.

9 Wall Street analysts have issued 1-year price targets for Planet Fitness' stock. Their forecasts range from $31.00 to $45.00. On average, they expect Planet Fitness' stock price to reach $39.00 in the next year. View Analyst Ratings for Planet Fitness.

Some companies that are related to Planet Fitness include New Oriental (EDU), Dish Network (DISH), Discovery Inc Series B (DISCB), Sharp (SHCAY), TUI Group (TUIFY), Carnival (CUK), Lululemon Athletica (LULU), Viacom (VIA), Makita (MKTAY), Take-Two Interactive (TTWO), China Lodging Group (HTHT), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband (LBRDA), InterContinental Hotels Group (IHG) and Rtl Group (RGLXF).

(PLNT) raised $202 million in an 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.

Media coverage about PLNT stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.03 on Accern's scale. They also assigned news articles about the company an impact score of 47.43 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Planet Fitness' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.54%), Eagle Asset Management Inc. (3.35%), Lord Abbett & CO. LLC (2.92%), Newbrook Capital Advisors LP (2.27%), Dimensional Fund Advisors LP (1.75%) and Wasatch Advisors Inc. (1.54%). Company insiders that own Planet Fitness stock include Charles Esserman, Christopher Rondeau, Dorvin D Lively, Marc Grondahl, Pierre Lecomte, Richard L Moore and Tsg6 Management LLC. View Institutional Ownership Trends for Planet Fitness.

PLNT stock was sold by a variety of institutional investors in the last quarter, including Newbrook Capital Advisors LP, Russell Investments Group Ltd., Wasatch Advisors Inc., RWC Asset Management LLP, Victory Capital Management Inc., Royal Bank of Canada, Amundi Pioneer Asset Management Inc. and Oak Ridge Investments LLC. Company insiders that have sold Planet Fitness company stock in the last year include Christopher Rondeau, Dorvin D Lively and Richard L Moore. View Insider Buying and Selling for Planet Fitness.

PLNT stock was acquired by a variety of institutional investors in the last quarter, including Waratah Capital Advisors Ltd., Scopus Asset Management L.P., Bamco Inc. NY, Blair William & Co. IL, Thrivent Financial for Lutherans, Dimensional Fund Advisors LP, Lord Abbett & CO. LLC and Seven Eight Capital LP. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of PLNT stock can currently be purchased for approximately $38.51.

Planet Fitness has a market capitalization of $3.87 billion and generates $429.94 million in revenue each year. The company earns $33.14 million in net income (profit) each year or $0.84 on an earnings per share basis. Planet Fitness employs 833 workers across the globe.

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]