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 repurchase plan on Friday, February 23rd 2018, which permits the company to repurchase $80,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Planet Fitness (NYSE:PLNT) posted its quarterly earnings data on Tuesday, May, 8th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The business earned $121.30 million during the quarter, compared to analysts' expectations of $115.75 million. Planet Fitness had a negative return on equity of 64.81% and a net margin of 9.60%. The firm's revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. View Planet Fitness' Earnings History.

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

10 analysts have issued 1-year price objectives for Planet Fitness' stock. Their forecasts range from $31.00 to $53.00. On average, they expect Planet Fitness' stock price to reach $41.8750 in the next twelve months. View Analyst Ratings for Planet Fitness.

Some companies that are related to Planet Fitness include Wynn Macau (WYNMF), Lululemon Athletica (LULU), MGM Resorts International (MGM), DISH Network (DISH), Mohawk Industries (MHK), ANTA Sports Products (ANPDF), New Oriental Education & Tech Grp (EDU), Melco Resorts & Entertainment (MLCO), DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA), Discovery Inc Series B (DISCB), Huazhu Group (HTHT), Viacom, Inc. Class A (VIA), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA) and TUI AG/ADR (TUIFY).

(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.

Media stories about PLNT stock have trended positive this week, according to Accern. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.28 on Accern's scale. They also assigned media coverage about the company an impact score of 46.34 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Planet Fitness' stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 bought 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 $45.20.

Planet Fitness has a market capitalization of $4.44 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]