NYSE:PLNT - Planet Fitness Stock Price, Forecast & News

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

Planet Fitness announced that its Board of Directors has approved a share repurchase plan on Friday, February 23rd 2018, which authorizes the company to buyback $80,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Planet Fitness Inc (NYSE:PLNT) posted its earnings results on Thursday, November, 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $166.82 million for the quarter, compared to analysts' expectations of $162.26 million. Planet Fitness had a negative return on equity of 37.57% and a net margin of 16.80%. Planet Fitness's revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. View Planet Fitness' Earnings History.

Planet Fitness is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Planet Fitness.

Planet Fitness will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Planet Fitness updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $1.56-1.56 for the period, compared to the Thomson Reuters consensus estimate of $1.57. The company issued revenue guidance of $$681.74862-681.74862 million, compared to the consensus revenue estimate of $$683.7 million.

13 equities research analysts have issued 1-year price targets for Planet Fitness' shares. Their forecasts range from $60.00 to $90.00. On average, they anticipate Planet Fitness' stock price to reach $80.31 in the next year. This suggests that the stock has a possible downside of 8.2%. View Analyst Price Targets for Planet Fitness.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Planet Fitness.

Media coverage about PLNT stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Planet Fitness earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Planet Fitness.

Planet Fitness saw a decrease in short interest in January. As of January 15th, there was short interest totalling 5,170,000 shares, a decrease of 17.3% from the December 31st total of 6,250,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 6.3% of the company's shares are short sold. View Planet Fitness' Current Options Chain.

Some companies that are related to Planet Fitness include Electronic Arts (EA), Hilton Hotels (HLT), Luxottica Group (LUXTY), Panasonic (PCRFY), Rogers Communications (RCI), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), ANTA Sports Products (ANPDF), Royal Caribbean Cruises (RCL), FOX (FOXA), Carnival (CCL), FOX (FOX), New Oriental Education & Tech Grp (EDU), UNICHARM CORP/S (UNICY) and DISH Network (DISH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Paypal (PYPL), Canopy Growth (CGC), Walt Disney (DIS), Lululemon Athletica (LULU), Trade Desk (TTD) and Mastercard (MA).

(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 served as the underwriters for the IPO and Guggenheim Securities, Baird, William Blair, Piper Jaffray and Cowen and Company were co-managers.

Planet Fitness' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (6.35%), Alliancebernstein L.P. (3.04%), Pelham Capital Ltd. (2.46%), William Blair Investment Management LLC (1.66%), Eagle Asset Management Inc. (1.36%) and Bank of New York Mellon Corp (1.30%). Company insiders that own Planet Fitness stock include Christopher Rondeau, David P Berg and Dorvin D Lively. View Institutional Ownership Trends for Planet Fitness.

PLNT stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Jennison Associates LLC, Bank of New York Mellon Corp, Fred Alger Management LLC, Great Lakes Advisors LLC, Cubist Systematic Strategies LLC, Bank of America Corp DE and FMR LLC. Company insiders that have sold Planet Fitness company stock in the last year include Christopher Rondeau, David P Berg and Dorvin D Lively. View Insider Buying and Selling for Planet Fitness.

PLNT stock was bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Pelham Capital Ltd., Franklin Resources Inc., Chicago Capital LLC, Russell Investments Group Ltd., Eaton Vance Management, Victory Capital Management Inc. and Marshall Wace LLP. 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, Robinhood, Fidelity and Charles Schwab.

One share of PLNT stock can currently be purchased for approximately $87.52.

Planet Fitness has a market capitalization of $7.91 billion and generates $572.90 million in revenue each year. The company earns $88.02 million in net income (profit) each year or $1.22 on an earnings per share basis. Planet Fitness employs 1,302 workers across the globe.View Additional Information About Planet Fitness.

The official website for Planet Fitness is http://www.planetfitness.com/.

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]