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NYSE:PLNT

Planet Fitness Stock Forecast, Price & News

$79.75
-0.74 (-0.92 %)
(As of 09/28/2021 12:00 AM ET)
Add
Compare
Today's Range
$79.54
$80.98
50-Day Range
$68.99
$82.13
52-Week Range
$57.90
$90.34
Volume639,439 shs
Average Volume1.14 million shs
Market Capitalization$6.91 billion
P/E Ratio257.26
Dividend YieldN/A
Beta1.25
30 days | 90 days | 365 days | Advanced Chart
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Planet Fitness logo

About Planet Fitness

Planet Fitness, Inc. engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. The Corporate-Owned Stores segment comprises operations with respect to all Corporate-owned stores throughout the United States and Canada. The Equipment segment involves the sale of equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Hampton, NH.

Headlines

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Industry, Sector and Symbol

Industry
Membership sports & recreation clubs
Sub-Industry
N/A
Employees
1,387
Year Founded
N/A

Sales & Book Value

Annual Sales
$406.62 million
Cash Flow
$0.74 per share
Book Value
($8.15) per share

Profitability

Net Income
$-14,990,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$6.91 billion
Next Earnings Date
11/4/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

2.49 out of 5 stars

Consumer Discretionary Sector

70th out of 384 stocks

Membership Sports & Recreation Clubs Industry

1st out of 2 stocks

Analyst Opinion: 2.2Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -












Planet Fitness (NYSE:PLNT) Frequently Asked Questions

Is Planet Fitness a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Planet Fitness stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLNT, but not buy additional shares or sell existing shares.
View analyst ratings for Planet Fitness
or view top-rated stocks.

What stocks does MarketBeat like better than Planet Fitness?

Wall Street analysts have given Planet Fitness a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Planet Fitness wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Planet Fitness?

Planet Fitness saw a decline in short interest in the month of August. As of August 13th, there was short interest totaling 4,690,000 shares, a decline of 12.0% from the July 29th total of 5,330,000 shares. Based on an average trading volume of 986,500 shares, the days-to-cover ratio is currently 4.8 days. Currently, 5.7% of the shares of the stock are sold short.
View Planet Fitness' Short Interest
.

When is Planet Fitness' next earnings date?

Planet Fitness is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Planet Fitness
.

How were Planet Fitness' earnings last quarter?

Planet Fitness, Inc. (NYSE:PLNT) posted its quarterly earnings results on Monday, August, 9th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.02. The firm earned $137.25 million during the quarter, compared to analyst estimates of $127.56 million. Planet Fitness had a net margin of 5.15% and a negative trailing twelve-month return on equity of 6.18%. The business's quarterly revenue was up 241.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.32) EPS.
View Planet Fitness' earnings history
.

How has Planet Fitness' stock price been impacted by COVID-19?

Planet Fitness' stock was trading at $57.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLNT stock has increased by 39.9% and is now trading at $79.75.
View which stocks have been most impacted by COVID-19
.

What guidance has Planet Fitness issued on next quarter's earnings?

Planet Fitness updated its FY 2021 earnings guidance on Monday, September, 6th. The company provided earnings per share guidance of $0.650-$0.700 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.940. The company issued revenue guidance of $530 million-$540 million, compared to the consensus revenue estimate of $541.69 million.

What price target have analysts set for PLNT?

13 Wall Street analysts have issued twelve-month price targets for Planet Fitness' shares. Their forecasts range from $55.00 to $100.00. On average, they anticipate Planet Fitness' share price to reach $84.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts' price targets for Planet Fitness
or view top-rated stocks among Wall Street analysts.

Who are Planet Fitness' key executives?

Planet Fitness' management team includes the following people:
  • Christopher J. Rondeau, Chief Executive Officer & Director
  • Dorvin D. Lively, President
  • William Bode, Chief Operating Officer
  • Thomas J. Fitzgerald, Chief Financial Officer
  • Brian M. O’Donnell, Chief Accounting Officer & Vice President

What is Chris Rondeau's approval rating as Planet Fitness' CEO?

615 employees have rated Planet Fitness CEO Chris Rondeau on Glassdoor.com. Chris Rondeau has an approval rating of 68% among Planet Fitness' employees.

What other stocks do shareholders of Planet Fitness own?

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

When did Planet Fitness IPO?

(PLNT) raised $202 million in an initial public offering 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.

What is Planet Fitness' stock symbol?

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

Who are Planet Fitness' major shareholders?

Planet Fitness' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.85%), BlackRock Inc. (6.85%), Price T Rowe Associates Inc. MD (3.62%), Bank of New York Mellon Corp (3.48%), Morgan Stanley (2.66%) and Alliancebernstein L.P. (2.50%). Company insiders that own Planet Fitness stock include Brian O'donnell, Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, Thomas J Fitzgerald III and William Bode.
View institutional ownership trends for Planet Fitness
.

Which major investors are selling Planet Fitness stock?

PLNT stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Vanguard Group Inc., Man Group plc, Bloom Tree Partners LLC, SG Americas Securities LLC, Putnam Investments LLC, Nuveen Asset Management LLC, and Bank of Nova Scotia. Company insiders that have sold Planet Fitness company stock in the last year include Brian O'donnell, Christopher Rondeau, Dorvin D Lively, and William Bode.
View insider buying and selling activity for Planet Fitness
or view top insider-selling stocks.

Which major investors are buying Planet Fitness stock?

PLNT stock was acquired by a variety of institutional investors in the last quarter, including Amundi, Bank of New York Mellon Corp, Bares Capital Management Inc., BlackRock Inc., Millennium Management LLC, Deutsche Bank AG, Senvest Management LLC, and MUFG Securities EMEA plc. Company insiders that have bought Planet Fitness stock in the last two years include Christopher Rondeau, Craig Jeffrey Miller, Craig R Benson, Dorvin D Lively, and Thomas J Fitzgerald III.
View insider buying and selling activity for Planet Fitness
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Planet Fitness' stock price today?

One share of PLNT stock can currently be purchased for approximately $79.75.

How much money does Planet Fitness make?

Planet Fitness has a market capitalization of $6.91 billion and generates $406.62 million in revenue each year. The company earns $-14,990,000.00 in net income (profit) each year or $0.04 on an earnings per share basis.

How many employees does Planet Fitness have?

Planet Fitness employs 1,387 workers across the globe.

What is Planet Fitness' official website?

The official website for Planet Fitness is www.planetfitness.com.

Where are Planet Fitness' headquarters?

Planet Fitness is headquartered at 4 LIBERTY LANE WEST, HAMPTON NH, 03842.

How can I contact Planet Fitness?

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].


This page was last updated on 9/28/2021 by MarketBeat.com Staff

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