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NYSE:PLNT

Planet Fitness - PLNT Stock Forecast, Price & News

$76.45
-4.64 (-5.72%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$73.23
$79.94
50-Day Range
$61.47
$81.22
52-Week Range
$61.11
$99.60
Volume
2.04 million shs
Average Volume
927,769 shs
Market Capitalization
$6.96 billion
P/E Ratio
119.45
Dividend Yield
N/A
Price Target
$98.00

Planet Fitness MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
28.2% Upside
$98.00 Price Target
Short Interest
Healthy
4.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
0.94mentions of Planet Fitness in the last 14 days
Based on 28 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
38.71%
From $1.55 to $2.15 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Consumer Discretionary Sector

114th out of 287 stocks

Membership Sports & Recreation Clubs Industry

1st out of 3 stocks

PLNT stock logo

About Planet Fitness (NYSE:PLNT) Stock

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.

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PLNT Stock News Headlines

Planet Fitness (PLNT) Q2 2022 Earnings Call Transcript
Here's Why Planet Fitness Stock Fell Today
Planet Fitness (PLNT) Q2 Earnings Match Estimates
Planet Fitness matches profit expectations
Planet Fitness Inc Class A - Stock Quote PLNT
Peloton Stock Dipped Today: Here's What We Know
Wake Up Call from Planet Fitness
See More Headlines
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PLNT Company Calendar

Last Earnings
11/04/2021
Today
8/09/2022
Next Earnings (Confirmed)
8/09/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Membership sports & recreation clubs
Sub-Industry
N/A
Fax
N/A
Employees
1,774
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$98.00
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+28.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$42.77 million
Pretax Margin
10.99%

Debt

Sales & Book Value

Annual Sales
$587.02 million
Cash Flow
$1.54 per share
Book Value
($7.40) per share

Miscellaneous

Free Float
85,619,000
Market Cap
$6.96 billion
Optionable
Optionable
Beta
1.17














PLNT Stock - Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLNT shares.
View PLNT analyst ratings
or view top-rated stocks.

What is Planet Fitness' stock price forecast for 2022?

11 Wall Street research analysts have issued 1 year target prices for Planet Fitness' stock. Their PLNT share price forecasts range from $72.00 to $130.00. On average, they expect the company's stock price to reach $98.00 in the next twelve months. This suggests a possible upside of 31.8% from the stock's current price.
View analysts price targets for PLNT
or view top-rated stocks among Wall Street analysts.

How has Planet Fitness' stock price performed in 2022?

Planet Fitness' stock was trading at $90.58 at the beginning of the year. Since then, PLNT stock has decreased by 17.9% and is now trading at $74.35.
View the best growth stocks for 2022 here
.

When is Planet Fitness' next earnings date?

Planet Fitness is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our PLNT earnings forecast
.

How were Planet Fitness' earnings last quarter?

Planet Fitness, Inc. (NYSE:PLNT) posted its quarterly earnings data on Thursday, November, 4th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.08. The firm earned $154.30 million during the quarter, compared to the consensus estimate of $134.79 million. Planet Fitness had a net margin of 8.11% and a negative trailing twelve-month return on equity of 16.39%. Planet Fitness's revenue was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share.

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

Planet Fitness issued an update on its FY22 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of ~$1.52-1.53 for the period, compared to the consensus estimate of $1.55. The company issued revenue guidance of ~$910-915 million, compared to the consensus revenue estimate of $914.67 million.

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 IPO 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 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 institutional and retail investors. Top institutional shareholders include Frontier Capital Management Co. LLC (1.49%), Artemis Investment Management LLP (1.41%), Allspring Global Investments Holdings LLC (1.01%), TimesSquare Capital Management LLC (0.73%), Peregrine Capital Management LLC (0.55%) and Emerald Advisers LLC (0.45%). Insiders that own company stock include Brian O'donnell, Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, Dorvin D Lively, 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 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 $74.35.

How much money does Planet Fitness make?

Planet Fitness (NYSE:PLNT) has a market capitalization of $6.77 billion and generates $587.02 million in revenue each year. The company earns $42.77 million in net income (profit) each year or $0.64 on an earnings per share basis.

How many employees does Planet Fitness have?

Planet Fitness employs 1,774 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 8/9/2022 by MarketBeat.com Staff

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