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 has initiated a stock repurchase program on Friday, February 23rd 2018, which allows the company to buyback $80,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

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

Planet Fitness updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of +40% to ~$1.18 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokerages have issued 1-year price targets for Planet Fitness' stock. Their predictions range from $31.00 to $53.00. On average, they expect Planet Fitness' share price to reach $41.8750 in the next year. 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), Discovery Inc Series B (DISCB), ANTA Sports Products (ANPDF), Melco Resorts & Entertainment (MLCO), New Oriental Education & Tech Grp (EDU), DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA), Viacom, Inc. Class A (VIA), Huazhu Group (HTHT), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA) and Discovery Inc Series C (DISCK).

(PLNT) raised $202 million in an initial public offering (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 acted as the underwriters for the IPO and Guggenheim Securities, Baird, William Blair, Piper Jaffray and Cowen and Company were co-managers.

News coverage about PLNT stock has been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.08 on Accern's scale. They also assigned media headlines about the company an impact score of 46.49 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Planet Fitness' stock is owned by many different of retail and institutional investors. Top institutional investors 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 purchased 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 $45.24.

Planet Fitness has a market capitalization of $4.45 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]