Planet Fitness, Inc. (PLNT)

NYSE: PLNT · IEX Real-Time Price · USD
65.40
-1.90 (-2.82%)
May 16, 2024, 4:00 PM EDT - Market closed
-2.82%
Market Cap 5.73B
Revenue (ttm) 1.10B
Net Income (ttm) 149.92M
Shares Out 87.53M
EPS (ttm) 1.74
PE Ratio 37.59
Forward PE 24.82
Dividend n/a
Ex-Dividend Date n/a
Volume 1,106,403
Open 67.40
Previous Close 67.30
Day's Range 65.33 - 67.66
52-Week Range 44.13 - 75.86
Beta 1.38
Analysts Buy
Price Target 72.63 (+11.06%)
Earnings Date May 9, 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 $72.63, which is an increase of 11.06% from the latest price.

Price Target
$72.63
(11.06% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 days 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.

6 days 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.

6 days 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.

6 days 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
7 days 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.

7 days 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...

7 days 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...

7 days 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...

21 days 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.

4 weeks 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.

4 weeks 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.

4 weeks 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.

4 weeks 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...

4 weeks ago - PRNewsWire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Planet Fitness, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, ...

5 weeks ago - Accesswire

Analysts love Planet Fitness (PLNT) stock despite boycott risks

Planet Fitness (NYSE: PLNT) stock price has underperformed the market this year as the popularity of weight loss drugs increased. It has crashed by 16.5% in the past 12 months and by 10.7% this year.

5 weeks ago - Invezz

ONGOING SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Planet Fitness, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, I...

6 weeks ago - Accesswire

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Planet Fitness, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / April 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, I...

6 weeks ago - Accesswire

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Planet Fitness, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, ...

7 weeks ago - Accesswire

Planet Fitness value plummets $400M after transgender turmoil

Planet Fitness has seen a nearly 8-percent drop in valuation after revoking a woman's membership for taking photos of a biological male in the women's locker room.

2 months ago - Fox Business

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Planet Fitness, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / March 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, ...

2 months ago - Accesswire

Planet Fitness stock plummets after woman's membership canceled for taking picture of ‘man in women's locker room shaving'

Planet Fitness saw the valuation of the company's stock drop this week after an Alaska gym canceled a woman's membership when she photographed a male using the women's locker room.

2 months ago - New York Post

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.

3 months 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.

3 months 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...

3 months ago - PRNewsWire