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.
Analyst Ratings Changes
A number of research analysts have recently commented on PLNT shares. Cowen decreased their price objective on shares of Planet Fitness from $110.00 to $95.00 in a research report on Thursday. Cowen cut their price objective on Planet Fitness from $110.00 to $95.00 in a research report on Wednesday. Piper Sandler decreased their target price on Planet Fitness from $87.00 to $72.00 in a report on Wednesday, May 11th. DA Davidson reduced their price objective on shares of Planet Fitness from $110.00 to $90.00 in a research report on Friday, May 13th. Finally, Exane BNP Paribas raised shares of Planet Fitness from an "underperform" rating to a "neutral" rating in a research report on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $95.42.
Planet Fitness Trading Up 2.7 %
Shares of Planet Fitness stock opened at $76.69 on Friday. Planet Fitness has a 1-year low of $61.11 and a 1-year high of $99.60. The company has a market cap of $6.98 billion, a PE ratio of 105.06, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The company has a 50 day moving average of $72.85 and a 200-day moving average of $78.53.
Planet Fitness (NYSE:PLNT - Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.38 earnings per share for the quarter, meeting analysts' consensus estimates of $0.38. The company had revenue of $224.40 million for the quarter, compared to the consensus estimate of $230.13 million. Planet Fitness had a net margin of 8.28% and a negative return on equity of 24.38%. The firm's quarterly revenue was up 63.5% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. Research analysts forecast that Planet Fitness will post 1.54 earnings per share for the current year.