Planet Fitness, Inc. (PLNT)

NYSE: PLNT · IEX Real-Time Price · USD
74.99
+0.29 (0.39%)
Jul 26, 2024, 4:00 PM EDT - Market closed
0.39%
Market Cap 6.56B
Revenue (ttm) 1.10B
Net Income (ttm) 149.92M
Shares Out 87.53M
EPS (ttm) 1.74
PE Ratio 43.10
Forward PE 29.31
Dividend n/a
Ex-Dividend Date n/a
Volume 823,055
Open 76.04
Previous Close 74.70
Day's Range 74.41 - 76.42
52-Week Range 44.13 - 79.09
Beta 1.50
Analysts Buy
Price Target 77.69 (+3.6%)
Earnings Date Aug 5, 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 $1.07 billion, an increase of 14.36% compared to the previous year's $936.77 million. Earnings were $138.31 million, an increase of 39.15%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for PLNT stock is "Buy." The 12-month stock price forecast is $77.69, which is an increase of 3.60% from the latest price.

Price Target
$77.69
(3.60% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

3 days 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...

4 weeks 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 ...

6 weeks 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...

6 weeks 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...

6 weeks ago - Investopedia

Planet Fitness Stock Runs Higher. Three Reasons It's a Buy.

Jefferies analysts upgrade the gym stock to Buy from Hold and boost their price target to $100 from $62.

6 weeks ago - Barrons

Planet Fitness Prices $800 Million Securitized Financing Facility

HAMPTON, N.H. , June 7, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has priced $800 million of Series 2024-1 Class A-...

7 weeks ago - PRNewsWire

Planet Fitness Franchise Groups Launch Fundraising Campaign for St. Jude Children's Research Hospital

CAMP HILL, Pa., June 04, 2024 (GLOBE NEWSWIRE) -- National Fitness Partners (NFP), a leading Planet Fitness franchise division, kicked off its first fundraising campaign to benefit St. Jude Children's...

7 weeks ago - GlobeNewsWire

KBRA Assigns Preliminary Ratings to Planet Fitness Master Issuer LLC, Series 2024-1

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes from Planet Fitness Master Issuer LLC, Series 2024-1 (Planet Fitness 2024-1 or Series 2024-1 N...

2 months ago - Business Wire

Planet Fitness, Inc. Announces Proposed Refinancing Transaction

HAMPTON, N.H., May 29, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that certain of its subsidiaries intend to complete a refi...

2 months ago - PRNewsWire

Planet Fitness' High School Summer Pass™ Returns; Teens Work Out Free June 1 – August 31

New study finds that ninety per cent of Canadian teens believe physical activity can positively impact their lives and boost mental health 1

2 months ago - GlobeNewsWire

Planet Fitness Stock Has Faltered. Why This Is a Good Time to Buy Shares, One Analyst Says.

Rahul Krotthapalli upgraded shares of Planet Fitness to Overweight from Neutral.

2 months ago - Barrons

Planet Fitness to increase membership fee for first time in nearly 30 years

Planet Fitness' classic gym membership will get $5 more expensive come summertime. The fitness chain is raising its classic membership to $15 a month for new members.

2 months ago - Fox Business

Planet Fitness raises prices for the first time in over 25 years

The national gym is hiking its prices for the first time since 1998.

2 months ago - The Street

Planet Fitness is ditching the $10 membership it has had for 26 years, and hiking basic prices by 50%

Planet Fitness is hiking the price of its Classic Card membership plan by 50% to $15 a month. It had held the price at $10 for 26 years, which would be worth around $19 in today's money.

2 months ago - Business Insider

Three-Stock Lunch: Warner Bros. Discovery, Roblox & Planet Fitness

Brian Vendig, MJP Wealth Advisors president, joins 'Power Lunch' to discuss stock plays for three stocks, including Warner Bros. Discovery, Roblox, and Planet Fitness.

Other symbols: RBLXWBD
2 months ago - CNBC Television

Planet Fitness is raising prices even as it warns customers are growing cost-conscious

Classic card membership will be priced at $15 per month for new members, up from $10 per month, starting this summer.

2 months ago - CNBC

Planet Fitness' stock slides 9% after

Planet Fitness Inc.'s stock PLNT, -0.27% fell 9% early Thursday, .after the operator of fitness centers lowered its full-year guidance to reflect a more cautious consumer. Hampton, New Hampshire-based...

2 months ago - Market Watch

Planet Fitness, Inc. Announces First Quarter 2024 Results

System-wide same store sales increased 6.2% Ended first quarter with total membership of approximately 19.6 million $20.0 million in shares repurchased in first quarter Updates 2024 outlook HAMPTON, N...

2 months ago - PRNewsWire

PLANET FITNESS, INC. TO REPORT FIRST QUARTER 2024 RESULTS ON MAY 9, 2024

HAMPTON, N.H. , April 25, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its first quarter ended March 31, 2024, befor...

3 months ago - PRNewsWire

New CEO of Planet Fitness required ‘unconscious bias training, hiring through DEI lens' at previous job

Colleen Keating, who has served as chief executive at rental service FirstKey Homes since 2020, will assume the CEO title officially on June 10.

3 months ago - New York Post

Planet Fitness names Colleen Keating as new CEO

Planet Fitness on Tuesday named Colleen Keating as its new CEO, replacing interim chief executive Craig Benson. She previously served as CEO of FirstKey Homes.

3 months ago - Fox Business

Planet Fitness shares fall as company announces new CEO, though analyst sees upside

Planet Fitness has appointed a new CEO effective June 10 after a months-long search for new leadership.

3 months ago - CNBC

Planet Fitness Taps Colleen Keating as New CEO

The fitness center franchiser and operator said Keating succeeds Craig Benson, who was serving as chief executive on an interim basis.

3 months ago - WSJ

Planet Fitness Names Colleen Keating Chief Executive Officer

Craig Benson to Remain on Planet Fitness Board of Directors HAMPTON, N.H. , April 16, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that it has appointed Coll...

3 months ago - PRNewsWire