Planet Fitness - PLNT Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PLNT shares.
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12 brokerages have issued 12-month price targets for Planet Fitness' shares. Their PLNT share price forecasts range from $70.00 to $130.00. On average, they anticipate the company's stock price to reach $90.23 in the next twelve months. This suggests a possible upside of 19.4% from the stock's current price.
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Planet Fitness' stock was trading at $90.58 at the beginning of the year. Since then, PLNT shares have decreased by 16.6% and is now trading at $75.57.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Planet Fitness, Inc. (NYSE:PLNT) posted its earnings results on Thursday, November, 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. The business earned $154.30 million during the quarter, compared to the consensus estimate of $134.79 million. Planet Fitness had a negative trailing twelve-month return on equity of 36.77% and a net margin of 8.52%. The firm's revenue was up 46.4% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share.

615 employees have rated Planet Fitness Chief Executive Officer Chris Rondeau on Glassdoor.com. Chris Rondeau has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Tesla (TSLA), Salesforce (CRM), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

(PLNT) raised $202 million in an initial public offering (IPO) on Thursday, August 6th 2015. The company issued 13,500,000 shares at $14.00-$16.00 per share. J.P. Morgan Securities Merrill Lynch, Jefferies and Credit Suisse Securities served as the underwriters for the IPO and Guggenheim Securities, Baird, William Blair, Piper Jaffray and Cowen and Company were co-managers.

Planet Fitness trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLNT."

Planet Fitness' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.58%), Vanguard Group Inc. (8.26%), Alliancebernstein L.P. (3.32%), Bank of New York Mellon Corp (2.27%), Bares Capital Management Inc. (2.21%) and Federated Hermes Inc. (2.00%). Insiders that own company stock include Brian O'donnell, Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, Dorvin D Lively, Jeremy Tucker, Thomas J Fitzgerald III and William Bode.
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Shares of PLNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLNT stock can currently be purchased for approximately $75.57.

Planet Fitness (NYSE:PLNT) has a market capitalization of $6.77 billion and generates $587.02 million in revenue each year. The company earns $42.77 million in net income (profit) each year or $0.84 on an earnings per share basis.

The company employs 1,774 workers across the globe.

Planet Fitness' mailing address is 4 LIBERTY LANE WEST, HAMPTON NH, 03842. The official website for the company is www.planetfitness.com. The company can be reached via phone at (603) 750-0001 or via email at investor@planetfitness.com.