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NYSE:PLNT

Planet Fitness - PLNT Stock Forecast, Price & News

$81.97
+1.72 (+2.14%)
(As of 08/8/2022 12:52 PM ET)
Add
Compare
Today's Range
$81.12
$82.96
50-Day Range
$61.47
$81.22
52-Week Range
$61.11
$99.60
Volume
16,222 shs
Average Volume
920,306 shs
Market Capitalization
$7.46 billion
P/E Ratio
128.08
Dividend Yield
N/A
Price Target
$98.00

Planet Fitness MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
19.6% 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
0.85mentions of Planet Fitness in the last 14 days
Based on 13 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.

2.32 out of 5 stars

Consumer Discretionary Sector

126th out of 366 stocks

Membership Sports & Recreation Clubs Industry

2nd out of 3 stocks

PLNT stock logo

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.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLNT. Exane BNP Paribas upgraded shares of Planet Fitness from an "underperform" rating to a "neutral" rating in a research note on Thursday, July 7th. BMO Capital Markets cut their price target on shares of Planet Fitness from $96.00 to $88.00 in a report on Wednesday, May 11th. Robert W. Baird cut their price target on shares of Planet Fitness from $108.00 to $92.00 in a report on Wednesday, May 11th. JPMorgan Chase & Co. raised shares of Planet Fitness from a "neutral" rating to an "overweight" rating and set a $90.00 price target for the company in a report on Wednesday, May 11th. Finally, DA Davidson cut their price target on shares of Planet Fitness from $110.00 to $90.00 in a report on Friday, May 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $98.00.

Planet Fitness Stock Down 0.0 %

NYSE:PLNT opened at $80.25 on Monday. The company has a 50-day simple moving average of $72.20 and a two-hundred day simple moving average of $78.71. Planet Fitness has a 12-month low of $61.11 and a 12-month high of $99.60. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 125.39, a PEG ratio of 1.48 and a beta of 1.17.

Planet Fitness (NYSE:PLNT - Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $186.70 million during the quarter, compared to analyst estimates of $190.44 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company's revenue was up 66.8% on a year-over-year basis. Equities analysts expect that Planet Fitness will post 1.55 earnings per share for the current fiscal year.

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PLNT Stock News Headlines

Planet Fitness Inc Class A - Stock Quote PLNT
Peloton Stock Dipped Today: Here's What We Know
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Planet Fitness: Get Rich On Entertainment
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PLNT Company Calendar

Last Earnings
5/10/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/09/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Membership sports & recreation clubs
Sub-Industry
N/A
Fax
N/A
Employees
1,774
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$98.00
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+19.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$42.77 million
Pretax Margin
10.99%

Debt

Sales & Book Value

Annual Sales
$587.02 million
Cash Flow
$1.65 per share
Book Value
($7.40) per share

Miscellaneous

Free Float
85,619,000
Market Cap
$7.46 billion
Optionable
Optionable
Beta
1.17














PLNT Stock - Frequently Asked Questions

Should I buy or sell Planet Fitness stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLNT shares.
View PLNT analyst ratings
or view top-rated stocks.

What is Planet Fitness' stock price forecast for 2022?

11 Wall Street research analysts have issued 12-month price objectives for Planet Fitness' stock. Their PLNT stock forecasts range from $72.00 to $130.00. On average, they expect the company's stock price to reach $98.00 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
View analysts price targets for PLNT
or view top-rated stocks among Wall Street analysts.

How has Planet Fitness' stock price performed in 2022?

Planet Fitness' stock was trading at $90.58 at the beginning of 2022. Since then, PLNT shares have decreased by 9.3% and is now trading at $82.17.
View the best growth stocks for 2022 here
.

When is Planet Fitness' next earnings date?

Planet Fitness is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our PLNT earnings forecast
.

How can I listen to Planet Fitness' earnings call?

Planet Fitness will be holding an earnings conference call on Tuesday, August 9th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Planet Fitness' earnings last quarter?

Planet Fitness, Inc. (NYSE:PLNT) announced its quarterly earnings results on Tuesday, May, 10th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The business earned $186.70 million during the quarter, compared to analyst estimates of $190.44 million. Planet Fitness had a negative trailing twelve-month return on equity of 16.39% and a net margin of 8.11%. Planet Fitness's revenue was up 66.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS.

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

Planet Fitness issued an update on its FY22 earnings guidance on Tuesday, May, 10th. The company provided earnings per share guidance of ~$1.52-1.53 for the period, compared to the consensus earnings per share estimate of $1.51. The company issued revenue guidance of ~$909.8-915.7 million, compared to the consensus revenue estimate of $913.84 million.

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

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.

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), Walt Disney (DIS), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Tesla (TSLA), Salesforce (CRM), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

When did Planet Fitness IPO?

(PLNT) raised $202 million in an 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 served 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 a number of retail and institutional investors. Top institutional shareholders include Frontier Capital Management Co. LLC (1.49%), Artemis Investment Management LLP (1.41%), Allspring Global Investments Holdings LLC (1.01%), TimesSquare Capital Management LLC (0.73%), Peregrine Capital Management LLC (0.55%) and Emerald Advisers LLC (0.45%). 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.
View institutional ownership trends
.

How do I buy shares of Planet Fitness?

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.
Compare Top Brokerages Here.

What is Planet Fitness' stock price today?

One share of PLNT stock can currently be purchased for approximately $82.17.

How much money does Planet Fitness make?

Planet Fitness (NYSE:PLNT) has a market capitalization of $7.48 billion and generates $587.02 million in revenue each year. The company earns $42.77 million in net income (profit) each year or $0.64 on an earnings per share basis.

How many employees does Planet Fitness have?

Planet Fitness employs 1,774 workers across the globe.

How can I contact Planet Fitness?

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.

This page (NYSE:PLNT) was last updated on 8/8/2022 by MarketBeat.com Staff

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