Planet Fitness, Inc. (PLNT)

NYSE: PLNT · Real-Time Price · USD
98.28
+0.41 (0.42%)
At close: Nov 20, 2024, 4:00 PM
98.90
+0.62 (0.63%)
Pre-market: Nov 21, 2024, 7:40 AM EST
0.42%
Market Cap 8.31B
Revenue (ttm) 1.05B
Net Income (ttm) 160.30M
Shares Out 84.59M
EPS (ttm) 1.86
PE Ratio 52.84
Forward PE 35.29
Dividend n/a
Ex-Dividend Date n/a
Volume 789,223
Open 97.67
Previous Close 97.87
Day's Range 96.61 - 98.82
52-Week Range 54.35 - 98.82
Beta 1.49
Analysts Buy
Price Target 89.47 (-8.96%)
Earnings Date Nov 7, 2024

About PLNT

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. It engages in the sale of fitness equipment to franchisee-owned stores in the United States, Canada, and Mexico. In addition, the company operates corporate-owned stores in the United States and Canada. Plan... [Read more]

Industry Leisure
IPO Date Aug 6, 2015
Employees 3,411
Stock Exchange NYSE
Ticker Symbol PLNT
Full Company Profile

Financial Performance

In 2023, Planet Fitness's revenue was $1.00 billion, an increase of 13.95% compared to the previous year's $878.70 million. Earnings were $138.31 million, an increase of 39.15%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for PLNT stock is "Buy." The 12-month stock price forecast is $89.47, which is a decrease of -8.96% from the latest price.

Price Target
$89.47
(-8.96% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Planet Fitness loses 11th hour bid to acquire bankrupt Blink

Planet Fitness lost a bid in bankruptcy court to acquire Blink Holdings. U.K.-based private gym chain PureGym won its bid to acquire Blink and its assets, including 60 of its gyms in New York and New ...

7 days ago - CNBC

Planet Fitness: Powering To New Highs

Planet Fitness, Inc. has shown strong growth with Q3 revenues up 5.3% and adjusted EBITDA rising to $123.1 million, despite slower equipment sales. The company's franchise and subscription model remai...

13 days ago - Seeking Alpha

Planet Fitness, Inc. (PLNT) Q3 2024 Earnings Call Transcript

Planet Fitness, Inc. (NYSE:PLNT) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Stacey Caravella – Vice President-Investor Relations Colleen Keating – Chief Executi...

13 days ago - Seeking Alpha

Planet Fitness's stock rises premarket as it beats profit and revenue estimates

Gym chain boosts its outlook for 2024 revenue growth.

13 days ago - Market Watch

Planet Fitness, Inc. Announces Third Quarter 2024 Results

Increases 2024 revenue and Adjusted EBITDA outlook Initiated new $500 million share repurchase program upon $280 million share repurchase completion Appointed Jay Stasz as Chief Financial Officer, eff...

14 days ago - PRNewsWire

Planet Fitness enters 11th hour bid for bankrupt Blink Fitness

Planet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness previously lost out in a bankruptcy auction against U.K.-based, ...

14 days ago - CNBC

Planet Fitness submits last minute bid to acquire UK fitness chain

On Friday, in the closing hour of the deal's 48-hour challenge period, Planet Fitness submitted two competing bids to acquire Blink, a source close to the matter told The Post.

15 days ago - New York Post

Planet Fitness Appoints Jay Stasz as Chief Financial Officer

HAMPTON, N.H. , Oct. 30, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") one of the largest and fastest-growing franchisors and operators of fitness centers with more members th...

22 days ago - PRNewsWire

PLANET FITNESS, INC. TO REPORT THIRD QUARTER 2024 RESULTS ON NOVEMBER 7, 2024

HAMPTON, N.H., Oct. 24, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2024, bef...

4 weeks ago - PRNewsWire

Planet Fitness Inspires Nearly 3 Million High School Students to Prioritize Their Health with Annual High School Summer Pass™ Program

Teens logged more than 12 million workouts between June and August at Planet Fitness locations in the US and Canada, kickstarting their fitness journeys and creating long-lasting healthy habits Teens ...

2 months ago - GlobeNewsWire

Top Wall Street analysts are bullish on the potential of these 3 stocks

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Planet Fitness and Ross Stores.

Other symbols: ROSTS
2 months ago - CNBC

3-Stock Lunch: Philip Morris, Planet Fitness and Crowdstrike

Michael Landsberg, Landsberg Bennett Private CIO, joins 'Power Lunch' to discuss stock plays for three stocks.

Other symbols: CRWDPM
3 months ago - CNBC Television

Planet Fitness set to benefit during slow-growth environment, says Baird's Jonathan Komp

Jonathan Komp, senior research analyst at Baird, joins CNBC's 'The Exchange' to discuss why he's bullish on Planet Fitness, why the company will benefit during a slow-growth environment, and more.

3 months ago - CNBC Television

As strength training gets more popular, Peloton and Planet Fitness shift focus

Peloton and Planet Fitness are expanding their investments in strength over cardio equipment as more women and young people opt for weights at the gym. Planet Fitness changed its gyms up to focus on s...

Other symbols: PTON
3 months ago - CNBC

Planet Fitness: Visible Catalysts, But I Am Still Waiting For Growth To Accelerate

PLNT showed improvement in revenue and earnings in Q2 2024, beating expectations. I believe the new CEO, Colleen Keating, is a good fit for the business. Potential for growth acceleration in FY25, but...

3 months ago - Seeking Alpha

Planet Fitness, Inc. (PLNT) Q2 2024 Earnings Call Transcript

Planet Fitness, Inc. (NYSE:PLNT) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Stacey Caravella - Vice President of Investor Relations Colleen Keating - Chief Execut...

3 months ago - Seeking Alpha

Planet Fitness stock climbs on stronger-than-expected profit

Planet Fitness Inc.'s stock PLNT, -0.54% rose in premarket trading Tuesday after the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%. Planet Fitness s...

3 months ago - Market Watch

Planet Fitness, Inc. Announces Second Quarter 2024 Results

Reiterates 2024 outlook Consummated $800 million refinancing transaction Executed $280 million Accelerated Share Repurchase in second quarter HAMPTON, N.H. , Aug. 6, 2024 /PRNewswire/ --  Today, Plane...

3 months ago - PRNewsWire

Planet Fitness Franchise Groups Raise Over $36,000 for St. Jude Children's Research Hospital

CAMP HILL, Pa., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Today, several leading Planet Fitness franchise groups, including National Fitness Partners (NFP), Taymax, TGE3 and Davis-NEOFitness, announced that t...

3 months ago - GlobeNewsWire

Planet Fitness: Extensive Runway To Deploy Funds, But At Sub-Par Rates Of Return

Planet Fitness is a differentiated offering in the large-scale gym and leisure space. PLNT boasts a broad network of stores and a significant member base, with ongoing global expansion plans. Despite ...

3 months ago - Seeking Alpha

PLANET FITNESS, INC. TO REPORT SECOND QUARTER 2024 RESULTS ON AUGUST 6, 2024

HAMPTON, N.H., July 23, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its second quarter ended June 30, 2024, before ...

4 months ago - PRNewsWire

This Planet Fitness Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...

5 months ago - Benzinga

Planet Fitness, Inc. Announces $280 Million Accelerated Share Repurchase Program

HAMPTON, N.H., June 13, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") today announced that it has entered into a $280 million accelerated share repurchase agreement (the "ASR ...

5 months ago - PRNewsWire

Planet Fitness, Inc. Completes Refinancing Transaction

HAMPTON, N.H. , June 12, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has completed its previously announced refinanci...

5 months ago - PRNewsWire

Planet Fitness Rises as Jefferies Says 'Stars Have Aligned' for Stock

Planet Fitness (PLNT) shares rose in intraday trading Monday following an upgrade from Jefferies, which was optimistic about new leadership and the potential gain in the number of franchises for the g...

5 months ago - Investopedia