Planet Fitness, Inc. (PLNT)

NYSE: PLNT · IEX Real-Time Price · USD
62.15
-0.07 (-0.11%)
At close: Mar 4, 2024, 4:00 PM
62.52
+0.37 (0.60%)
After-hours: Mar 4, 2024, 7:15 PM EST
-0.11%
Market Cap 5.43B
Revenue (ttm) 1.07B
Net Income (ttm) 138.31M
Shares Out 85.44M
EPS (ttm) 1.62
PE Ratio 38.36
Forward PE 24.46
Dividend n/a
Ex-Dividend Date n/a
Volume 1,088,904
Open 62.31
Previous Close 62.22
Day's Range 61.34 - 62.62
52-Week Range 44.13 - 84.48
Beta 1.40
Analysts Buy
Price Target 72.20 (+16.17%)
Earnings Date Feb 22, 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 Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the ... [Read more]

Industry Leisure
IPO Date Aug 6, 2015
Employees 2,795
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 15 analysts, the average rating for PLNT stock is "Buy." The 12-month stock price forecast is $72.2, which is an increase of 16.17% from the latest price.

Price Target
$72.2
(16.17% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Planet Fitness Stock Is Rising Despite Weak Guidance, Executive Exit

Gym chain Planet Fitness reported a strong fourth quarter that overshadowed disappointing guidance. Chief Financial Officer Tom Fitzgerald announced his retirement.

11 days ago - Barrons

Planet Fitness's stock seesaws as company reports earnings beat but mixed outlook

Shares of Planet Fitness Inc. seesawed around the flatline Thursday, after the fitness-center operator beat fourth-quarter earnings expectations but provided a downbeat growth outlook for this year.

11 days ago - Market Watch

Planet Fitness Chief Financial Officer Tom Fitzgerald to Retire

HAMPTON, N.H. , Feb. 22, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that Tom Fitzgerald, Chief Financial Officer, has informed the Company of his intention...

11 days ago - PRNewsWire

Planet Fitness, Inc. Announces Fourth Quarter and Year-End 2023 Results

Full Year system-wide same store sales increase of 8.7% Membership Growth of  1.7 million since the end of 2022 Opened 165 new Planet Fitness stores in 2023 HAMPTON, N.H. , Feb. 22, 2024 /PRNewswire/ ...

11 days ago - PRNewsWire

Planet Fitness Former CEO Rondeau Resigns From Board After Layoffs

Planet Fitness said in a regulatory filing that Rondeau's resignation is believed to be because of various disagreements since he stepped down from the top job in September.

13 days ago - WSJ

Are weight loss drugs to blame for a decline in gym sign-ups? Jim Cramer investigates

'Mad Money' host Jim Cramer takes a look at the stock market impact of weight loss drugs.

Other symbols: XPOF
20 days ago - CNBC Television

PLANET FITNESS, INC. TO REPORT FOURTH QUARTER 2023 RESULTS ON FEBRUARY 22, 2024

HAMPTON, N.H. , Feb. 8, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its fourth quarter ended December 31, 2023, bef...

25 days ago - PRNewsWire

Planet Fitness Announces Key Year-End Metrics

Membership Growth of 1.7 Million since Year End of 2022 Full Year System-Wide Same Store Sales Increase of 8.7% 165 New Planet Fitness StoresEquipment placed in 135 new franchised locations Company to...

2 months ago - PRNewsWire

BMO's Simeon Siegel talks how to play Nike and Planet Fitness in 2024

Simeon Siegel, BMO Capital retail & services analyst, joins 'Closing Bell Overtime' to talk what's ahead for the retail sector in 2024.

Other symbols: NKE
2 months ago - CNBC Television

PLANET FITNESS, INC. ANNOUNCES UPCOMING CONFERENCE PARTICIPATION

HAMPTON, N.H. , Dec. 20, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company is participating in an upcoming investor conference.

2 months ago - PRNewsWire

HGGC-Backed Grand Fitness Partners Expands California Presence with Acquisition of Eight Planet Fitness Locations

TOMS RIVER, N.J.--(BUSINESS WIRE)--Grand Fitness Partners, one of the largest franchisees within the Planet Fitness system and backed by middle market private equity firm HGGC, today announced that it...

3 months ago - Business Wire

3 gym stocks to cash in on dieters' New Year's resolutions

As we approach the end of 2023, the time for New Year's resolutions is upon us. With the Ozempic weight-loss trend in full swing, it's no surprise that many consumers will be making New Year's resolut...

Other symbols: LTHXPOF
3 months ago - MarketBeat

Will Ozempic Craze Hit Fitness Stocks? Here's What Analysts Predict.

Analysts say early evidence suggests weight loss drugs will help, not hurt, the exercise sector as the trickle down effects of weight loss can “trigger” beneficial consumer behavior changes.

4 months ago - Forbes

Planet Fitness Shares Rise, Boosted by Membership and Store Growth

Shares of Planet Fitness (PLNT) skyrocketed after the operator of fitness centers posted better-than-expected results and raised its guidance as it added members and stores.

4 months ago - Investopedia

Planet Fitness Reports Strong Q3 Results Driven by Gen Z as Quest for New CEO Continues

Planet Fitness reported strong third-quarter (Q3) performance that it attributes to growing membership among Generation Z consumers. “We continue to see our strongest net member growth for Gen Zs who ...

4 months ago - PYMNTS

Planet Fitness shares surge as company raises revenue outlook

Planet Fitness now expects its revenue for the year to grow 14%, up from a previous estimate of 12%.

4 months ago - CNBC

Planet Fitness beats profit and revenue expectations and matches on same-store sales, and stock set to fall

Planet Fitness Inc. PLNT, -0.27% reported Tuesday third-quarter profit and revenue that rose above expectations, while same-store sales matched expectations, and the fitness center operator's stock wa...

4 months ago - Market Watch

Planet Fitness, Inc. Announces Third Quarter 2023 Results

System-wide same store sales increased 8.4% Ended third quarter with total membership of more than 18.5 million Opened 26 new Planet Fitness stores bringing total to 2,498 Updates 2023 outlook HAMPTON...

4 months ago - PRNewsWire

PLANET FITNESS, INC. TO REPORT THIRD QUARTER 2023 RESULTS ON NOVEMBER 7, 2023

HAMPTON, N.H. , Oct. 24, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2023, be...

4 months ago - PRNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Planet Fitness, Inc. - PLNT

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Planet Fitness, Inc. ("Planet Fitness" or the "Company") (NYSE: PLNT). Such investors are advise...

5 months ago - PRNewsWire

Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue

There has been a litany of CEO removals in the past year. Some of the headliners include the removal of The Walt Disney Co. NYSE: DIS CEO Bob Chapek in November 2022.

Other symbols: SQ
5 months ago - MarketBeat

52-week Low Names To Tip The Upside Scale In Your Favor

Value-conscious investors look for stocks trading at or near 52-week low prices, which can be a powerful 'potential' bottoming indicator. Fifty-two weeks is one trading year, roughly containing 252 tr...

Other symbols: DLTRSJM
5 months ago - MarketBeat

PLANET FITNESS ALERT: Bragar Eagel & Squire, P.C. is Investigating Planet Fitness, Inc. on Behalf of Planet Fitness Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Planet Fitness, Inc. (“Planet Fitness” or th...

5 months ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Planet Fitness, Inc. (PLNT) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT) investors concerning the Co...

5 months ago - Business Wire

Planet Fitness's long-time CEO says he was 'blindsided' by abrupt firing that sent gym's stock plummeting — and barred him from talking to staff

Planet Fitness' board of directors asked its CEO Chris Rondeau to step down last week. Shares tumbled nearly 20% following the news.

5 months ago - Business Insider