Planet Fitness (PLNT) Stock Price, News & Analysis

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PLNT shares.
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14 equities research analysts have issued 1 year price targets for Planet Fitness' stock. Their PLNT share price targets range from $45.00 to $89.00. On average, they expect the company's stock price to reach $71.00 in the next year. This suggests a possible upside of 21.0% from the stock's current price.
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Planet Fitness' stock was trading at $73.00 at the beginning of the year. Since then, PLNT shares have decreased by 19.6% and is now trading at $58.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Planet Fitness, Inc. (NYSE:PLNT) announced its quarterly earnings results on Thursday, February, 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. The firm earned $285.10 million during the quarter, compared to analyst estimates of $282.35 million. Planet Fitness had a net margin of 12.91% and a negative trailing twelve-month return on equity of 120.89%. Planet Fitness's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share.

ETFs with the largest weight of Planet Fitness (NYSE:PLNT) stock in their portfolio include Global X Health & Wellness ETF (BFIT), BlackRock Future Innovators ETF (BFTR) and Global X Millennial Consumer ETF (MILN).Leatherback Long/Short Alternative Yield ETF (LBAY) and

Planet Fitness updated its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $2.46-2.49 for the period, compared to the consensus earnings per share estimate of $2.50. The company issued revenue guidance of ~$1.136-1.146 billion, compared to the consensus revenue estimate of $1.16 billion.

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).

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

Planet Fitness' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.25%), Tran Capital Management L.P. (0.15%), State of Michigan Retirement System (0.02%), Diversified Trust Co (0.02%), Park Avenue Securities LLC (0.01%) and Handelsinvest Investeringsforvaltning (0.00%). Insiders that own company stock include Brian O'donnell, Christopher Rondeau, Craig R Benson, Dorvin D Lively, Jennifer Simmons, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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