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 Upgrades and Downgrades
A number of research firms recently weighed in on PLNT. Exane BNP Paribas upgraded shares of Planet Fitness from an "underperform" rating to a "neutral" rating in a research note on Thursday, July 7th. BMO Capital Markets cut their price target on shares of Planet Fitness from $96.00 to $88.00 in a report on Wednesday, May 11th. Robert W. Baird cut their price target on shares of Planet Fitness from $108.00 to $92.00 in a report on Wednesday, May 11th. JPMorgan Chase & Co. raised shares of Planet Fitness from a "neutral" rating to an "overweight" rating and set a $90.00 price target for the company in a report on Wednesday, May 11th. Finally, DA Davidson cut their price target on shares of Planet Fitness from $110.00 to $90.00 in a report on Friday, May 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $98.00.
Planet Fitness Stock Down 0.0 %
NYSE:PLNT opened at $80.25 on Monday. The company has a 50-day simple moving average of $72.20 and a two-hundred day simple moving average of $78.71. Planet Fitness has a 12-month low of $61.11 and a 12-month high of $99.60. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 125.39, a PEG ratio of 1.48 and a beta of 1.17.
Planet Fitness (NYSE:PLNT - Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $186.70 million during the quarter, compared to analyst estimates of $190.44 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company's revenue was up 66.8% on a year-over-year basis. Equities analysts expect that Planet Fitness will post 1.55 earnings per share for the current fiscal year.