NYSE:PLNT

Planet Fitness - PLNT Stock Forecast, Price & News

$76.45

-4.64 (-5.72%)

(As of 08/9/2022 12:00 AM ET)

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Today's Range: $73.23
▼
$79.94
50-Day Range: $61.47
▼
$81.22
52-Week Range: $61.11
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$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: 0.94
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

3.4

Analyst's Opinion

Consensus Rating
Planet Fitness has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $98.00, Planet Fitness has a forecasted upside of 28.2% from its current price of $76.45.
Amount of Analyst Coverage
Planet Fitness has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.03% of the float of Planet Fitness has been sold short.
Short Interest Ratio / Days to Cover
Planet Fitness has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Planet Fitness has recently increased by 1.52%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Planet Fitness does not currently pay a dividend.
Dividend Growth
Planet Fitness does not have a long track record of dividend growth.

4.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Planet Fitness has received a 67.23% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Fitness club services", "Face-to-face personal training", and "Fitness applications" products. See details.
Environmental Sustainability
The Environmental Impact score for Planet Fitness is -1.17.

3.3

News and Social Media Coverage

News Sentiment
Planet Fitness has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.34 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 28 news articles for Planet Fitness this week, compared to 3 articles on an average week.
Search Interest
Only 3 people have searched for PLNT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
10 people have added Planet Fitness to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Planet Fitness insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.94% of the stock of Planet Fitness is held by insiders.
Percentage Held by Institutions
93.87% of the stock of Planet Fitness is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Planet Fitness are expected to grow by 38.71% in the coming year, from $1.55 to $2.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Planet Fitness is 119.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of Planet Fitness is 119.45, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.03.
Price to Earnings Growth Ratio
Planet Fitness has a PEG Ratio of 1.48. PEG Ratios above 1 indicate that a company could be overvalued.

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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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