Planet Fitness - PLNT Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PLNT shares.
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13 Wall Street research analysts have issued 12 month target prices for Planet Fitness' shares. Their PLNT share price forecasts range from $70.00 to $130.00. On average, they predict the company's share price to reach $92.64 in the next twelve months. This suggests a possible upside of 65.8% from the stock's current price.
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Planet Fitness' stock was trading at $90.58 on January 1st, 2022. Since then, PLNT shares have decreased by 38.3% and is now trading at $55.88.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Planet Fitness, Inc. (NYSE:PLNT) posted its earnings results on Tuesday, August, 9th. The company reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. The firm earned $224.40 million during the quarter, compared to analyst estimates of $230.13 million. Planet Fitness had a negative trailing twelve-month return on equity of 24.38% and a net margin of 8.28%. The firm's revenue was up 63.5% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share.

Planet Fitness issued an update on its FY22 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of ~$1.52-1.53 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of ~$910-915 million, compared to the consensus revenue estimate of $914.67 million.

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 acted 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 Amundi (2.53%), Price T Rowe Associates Inc. MD (2.17%), Federated Hermes Inc. (1.94%), FMR LLC (1.82%), Bares Capital Management Inc. (1.58%) and Frontier Capital Management Co. LLC (1.49%). 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 $55.88.

Planet Fitness (NYSE:PLNT) has a market capitalization of $5.09 billion and generates $587.02 million in revenue each year. The company earns $42.77 million in net income (profit) each year or $0.73 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.