Planet Fitness (PLNT) Stock Price, News & Analysis

14 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" PLNT shares.
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14 Wall Street research analysts have issued 1-year target prices for Planet Fitness' stock. Their PLNT share price targets range from $45.00 to $89.00. On average, they predict the company's share 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 on January 1st, 2024. 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) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The business had revenue of $285.10 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 issued an update on 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 EPS 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 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.

Planet Fitness' stock is owned by a number of institutional and retail investors. Top institutional investors 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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