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.
Planet Fitness Stock Performance
Shares of PLNT Stock traded down $4.96 during trading on Tuesday, hitting $76.13. 68,451 shares of the company were exchanged, compared to its average volume of 645,740. The business's 50-day simple moving average is $72.42 and its 200 day simple moving average is $78.69. Planet Fitness has a twelve month low of $61.11 and a twelve month high of $99.60. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 116.45, a P/E/G ratio of 1.48 and a beta of 1.17.
Planet Fitness (NYSE:PLNT - Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. Planet Fitness had a net margin of 8.11% and a negative return on equity of 16.39%. The company had revenue of $186.70 million during the quarter, compared to analyst estimates of $190.44 million. During the same quarter last year, the business posted $0.10 EPS. The company's revenue for the quarter was up 66.8% on a year-over-year basis. On average, equities analysts forecast that Planet Fitness will post 1.55 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Planet Fitness from $96.00 to $88.00 in a research report on Wednesday, May 11th. DA Davidson decreased their price target on shares of Planet Fitness from $110.00 to $90.00 in a research report on Friday, May 13th. JPMorgan Chase & Co. upgraded Planet Fitness from a "neutral" rating to an "overweight" rating and set a $90.00 price objective for the company in a research report on Wednesday, May 11th. BNP Paribas upgraded Planet Fitness from an "underperform" rating to a "neutral" rating and set a $75.00 target price on the stock in a report on Thursday, July 7th. Finally, Exane BNP Paribas raised Planet Fitness from an "underperform" rating to a "neutral" rating in a report on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Planet Fitness has a consensus rating of "Moderate Buy" and a consensus target price of $98.00.