PLNT - Planet Fitness, Inc.

NYSE - NYSE Delayed Price. Currency in USD
72.67
+0.13 (+0.18%)
At close: 4:01PM EST
Stock chart is not supported by your current browser
Previous Close72.54
Open72.35
Bid0.00 x 900
Ask0.00 x 1000
Day's Range72.03 - 73.18
52 Week Range48.00 - 81.90
Volume1411269
Avg. Volume1,250,001
Market Cap6.6B
Beta (5Y Monthly)0.61
PE Ratio (TTM)55.09
EPS (TTM)1.32
Earnings DateFeb 24, 2020 - Feb 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-11-18
1y Target Est80.69
  • Dropbox tops revenue, Zillow comes in above estimates
    Yahoo Finance Video

    Dropbox tops revenue, Zillow comes in above estimates

    Dropbox reported earnings that topped revenue estimates, Zillow Group gives an upbeat forecast, and Planet Fitness reports third quarter earnings and revenue that beat estimates. Yahoo Finance's Ines Ferre reports from the floor of the New York Stock Exchange.

  • When To Buy Growth Stocks: Why The Double-Bottom Base Still Fuels Strong Breakouts
    Investor's Business Daily

    When To Buy Growth Stocks: Why The Double-Bottom Base Still Fuels Strong Breakouts

    Bullish stock chart patterns will persist in the best growth stocks. They will keep offering big profit opportunities thanks to human emotions at play.

  • Our Take On US$6.7m's (NYSE:PLNT) CEO Salary
    Simply Wall St.

    Our Take On US$6.7m's (NYSE:PLNT) CEO Salary

    In 2013 Chris Rondeau was appointed CEO of Planet Fitness, Inc. (NYSE:PLNT). This report will, first, examine the CEO...

  • Planet Fitness Strengthens Management Team with the Addition of Tom Fitzgerald as Chief Financial Officer
    PR Newswire

    Planet Fitness Strengthens Management Team with the Addition of Tom Fitzgerald as Chief Financial Officer

    Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., today announced that Tom Fitzgerald has been appointed Chief Financial Officer. Officially joining the Company in early January, Fitzgerald will be responsible for all aspects of financial strategy and management. He will report directly to Chris Rondeau, Chief Executive Officer of Planet Fitness. Fitzgerald will succeed Dorvin Lively who has served as Planet Fitness' Chief Financial Officer since July 2013, and was promoted to Chief Financial Officer and President in April 2017. In his continuing role as President of Planet Fitness, Lively will remain focused on store development assisting franchisees both domestically and internationally, as well as the Company's corporate store portfolio. Additionally, Lively will continue to provide leadership for the technology team.

  • Why Is Planet Fitness (PLNT) Up 18.8% Since Last Earnings Report?
    Zacks

    Why Is Planet Fitness (PLNT) Up 18.8% Since Last Earnings Report?

    Planet Fitness (PLNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Thomson Reuters StreetEvents

    Edited Transcript of PLNT earnings conference call or presentation 7-Nov-19 9:30pm GMT

    Q3 2019 Planet Fitness Inc Earnings Call

  • Work on new office building begins near high-profile Triad corner
    American City Business Journals

    Work on new office building begins near high-profile Triad corner

    Work will start soon on a new building coming to a busy corner in a bustling section of the Triad. Elite Performance Chiropractic will move into a new 5,402 square foot building next to Village Tavern near the corner of Westridge and Whitehurst roads on the Battleground Avenue corridor in northwest Greensboro. The building at 1901 Westridge will sit on a six-tenths acre tract carved from an outparcel of recently remodeled Westridge Square, home of the Triad's first Sprouts Farmers Market.

  • Planet Fitness Inc (PLNT): Hedge Funds Cashing Out, But Still Bullish
    Insider Monkey

    Planet Fitness Inc (PLNT): Hedge Funds Cashing Out, But Still Bullish

    Is Planet Fitness Inc (NYSE:PLNT) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after […]

  • Planet Fitness, Inc. Announces Accelerated Share Repurchase Program
    PR Newswire

    Planet Fitness, Inc. Announces Accelerated Share Repurchase Program

    Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that it has entered into a $300 million accelerated share repurchase agreement (the "ASR Agreement") with JPMorgan Chase Bank, National Association ("JP Morgan Chase"). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on November 20, 2019 (the "Share Repurchase Authorization"). As of December 4, 2019, before giving effect to the ASR Agreement, $500 million remained available for share repurchases pursuant to the Share Repurchase Authorization.

  • Planet Fitness Returns As Presenting Sponsor Of Times Square's Iconic New Year's Eve Celebration
    PR Newswire

    Planet Fitness Returns As Presenting Sponsor Of Times Square's Iconic New Year's Eve Celebration

    Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. and home of the Judgement Free Zone®, announced today that it will again play host to the biggest party on the planet on New Year's Eve. In partnership with Times Square Alliance and Countdown Entertainment, the Judgement Free Zone® is returning as the presenting sponsor of Times Square's New Year's Eve celebration for the fifth consecutive year.

  • Planet Fitness Completes Securitized Financing Transaction
    PR Newswire

    Planet Fitness Completes Securitized Financing Transaction

    Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has completed its previously announced issuance of $550 million of Series 2019-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), with an anticipated repayment term of ten years and a fixed interest rate of 3.858% per annum, payable quarterly. The Class A-2 Notes were issued by Planet Fitness Master Issuer LLC (the "Master Issuer"), a limited-purpose, bankruptcy remote, indirect subsidiary of Planet Fitness, Inc. in a privately placed securitization transaction.

  • Planet Fitness continues local growth spurt
    American City Business Journals

    Planet Fitness continues local growth spurt

    It appears a major fitness chain's local expansion streak isn't subsiding. Earlier this year, representatives of a franchise group for Planet Fitness Inc. (NYSE: PLNT) told the Business Journal they saw potential for more locations in Sacramento and surrounding areas. Now, it appears at least two more local Planet Fitness gyms are in the works.

  • Peloton Stock Climbs Out of Slump: Can PTON Fix the Holes in Its Business?
    Zacks

    Peloton Stock Climbs Out of Slump: Can PTON Fix the Holes in Its Business?

    Peloton (PTON) stock has climbed out of the hole it found itself in shortly after its IPO in late September.

  • MarketWatch

    Planet Fitness borrows $550 million and says it may use part of funds to reward shareholders

    Planet Fitness Inc. said Wednesday it has priced a $550 million securitized financing and may use some of the proceeds to reward its own shareholders. The Hampton, New Hampshire-based company said it expects the deal to close on, or around Dec. 3. Proceeds will be used to pay transaction costs, for working capital and general corporate purposes "which may include a return of capital to the company's equity holders The company said its board has approved a share buyback program of up to $500 million. The operator of fitness studios says it had 1,899 outlets in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico at end September. Shares were down 0.4% Wednesday, but have gained 33% in 2019, while the S&P 500 has gained 24%.

  • Planet Fitness Prices $550 Million Securitized Financing
    PR Newswire

    Planet Fitness Prices $550 Million Securitized Financing

    HAMPTON, N.H., Nov. 20, 2019 /PRNewswire/ -- Planet Fitness, Inc.  (PLNT) (together with its subsidiaries, the "Company") today announced that it has priced $550 million of Series 2019-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), with an anticipated repayment term of ten years and a fixed interest rate of 3.858% per annum, payable quarterly. The Class A-2 Notes are expected to be issued by Planet Fitness Master Issuer LLC (the "Master Issuer"), a limited-purpose, bankruptcy remote, indirect subsidiary of Planet Fitness, Inc. in a privately placed securitization transaction. The Company expects the transaction to close on or around December 3, 2019, subject to satisfaction of various closing conditions.

  • 3 Health and Fitness Stocks to Buy
    InvestorPlace

    3 Health and Fitness Stocks to Buy

    Would you like to get a head start into the New Year with a healthier portfolio? Look no further than three health and fitness stocks with monthly price charts making the right moves to achieve that goal.It's that time of year where the conversation turns to food, family and football. The upcoming Thanksgiving and Christmas holidays are entrenched in all three. The downside is the combination can take a toll on the waistline. And this leads many people to make New Year's resolutions of healthier and more physically active habits.I'd recommend starting early on your path to a better you. And as you jump on the bike, go to the gym or choose a better diet plan, health and fitness companies Peloton (NASDAQ:PTON), Planet Fitness (NYSE:PLNT) and WW International (NASDAQ:WW) are there to help you succeed. And as I'll show below, the price charts of PTON, PLNT and WW are looking healthy for buying into big-time profits in the portfolio.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Fitness Stocks to Buy : Peloton (PTON)Peloton is the first of our health and fitness stocks to buy. PTON stock has its share of skeptics like InvestorPlace's Dana Blankenhorn. Yet the indoor cycling startup and recent IPO has put together a bullish two-month long cup-shaped base. And in the face of all the public criticism, that's worth paying attention too. Sure, there's no guarantees this is the next Apple (NASDAQ:AAPL) or Home Depot (NYSE:HD). But the fact is more often than not, great investments make their largest gains for investors early on as publicly traded companies. * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside PTON Stock Strategy: Buy PTON stock on a breakout of its cup base. I'd personally like to see a bit of technical digestion take place. Classically, that would look like a handle pattern to complete the cup prior to a breakout. Either way, waiting for a move through $28.08 to go long this health and fitness stock and using a 7%-8% stop-loss looks like a strong investment idea. Planet Fitness (PLNT)Planet Fitness is the next health and fitness stock to buy. A recent well-received earnings beat vaulted shares of the national fitness club chain into the right side of a monthly base. That's a step in the right direction. And there's more too.The pattern was PLNT stock's first significant correction since going public in 2015. The trimming of shareholder value also established a near picture-perfect decline of 32% into the 38% Fibonacci level. With an oversold stochastics crossover in hand, this combination looks great as a platform for new eventual highs in 2020 for Planet Fitness stock. * 10 Cheap Stocks to Buy Under $10 PLNT Stock Strategy: I'd recommend buying shares above $72.25. The entry is marginally above the 62% resistance level within the right side of this health and fitness stock's seven month base. I'd suggest a svelte 7.25% stop-loss beneath $67. More happily, peeling off risk on a challenge of PLNT stock's all-time high near $82 looks like a good step toward a longer-term profitable holding. WW International (WW)Formerly known as Weight Watchers, WW International is the last of our health and fitness stocks to buy. The weight management services company, backed by Oprah, is a mover and shaker as the weekly price chart of WW stock reveals. It also shows a platform for shares to jump higher in 2020.After a substantial ten-month corrective move, WW is now in the early stages of a new uptrend. Over the last couple months WW stock has quieted and put together a narrow, but still volatile base that's found support on top of two prior key earnings reactions. I've highlighted those events in yellow. With stochastics inside neutral territory, the opportunity for a breakout and profits for WW investors looks good.WW Stock Strategy: I'd advise buying a breakout in this health and fitness stock if shares can rally through $38.50. This entry is roughly 1% above the pattern high. The strategy also rests on WW stock maintaining technical support.To contain risk I'd suggest a blended 11% stop. This allows sufficient exposure within today's base while not playing this volatile stock too close to the vest. As a reward, if WW shares begin to climb, I'd allow a run toward a challenge of the 38% retracement level and decade mark from $50-$51 for taking initial profits.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside * 7 Earnings Reports to Watch Next Week * 5 Online Retail Stocks to Buy on the Dip The post 3 Health and Fitness Stocks to Buy appeared first on InvestorPlace.

  • [video]Does Planet Fitness Look Fit for Investors?
    TheStreet.com

    [video]Does Planet Fitness Look Fit for Investors?

    Staying in shape isn't going out of style anytime soon for the selfie generation, Jim Cramer told viewers of his Mad Money program Wednesday night. Shares of Planet Fitness dropped 31% from their highs earlier this year as it fell out of favor and investors took issue with the company's 8.8% same-store sales growth in August when analyst were expecting 9%. Peloton had a rocky IPO in September, debuting at the wrong time and immediately breaking its IPO price.

  • Planet Fitness, Inc. Announces Proposed Recapitalization Transaction
    PR Newswire

    Planet Fitness, Inc. Announces Proposed Recapitalization Transaction

    HAMPTON, N.H., Nov. 12, 2019 /PRNewswire/ -- Planet Fitness, Inc. (PLNT) (together with its subsidiaries, the "Company") today announced that certain of its subsidiaries intend to complete a recapitalization transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility. The Company had approximately $1.2 billion of outstanding debt under its existing securitized financing facility as of September 30, 2019. The Company intends to issue $550,000,000 Series 2019-1 Fixed Rate Senior Secured Notes, Class A-2 (the "Notes").

  • Planet Fitness Rides on Expansion Efforts, Debt Woes Persist
    Zacks

    Planet Fitness Rides on Expansion Efforts, Debt Woes Persist

    Planet Fitness' (PLNT) consistent focus on strategic partnership and international expansion to drive growth bodes well.

  • Planet Fitness (PLNT) Looks Good: Stock Adds 9.1% in Session
    Zacks

    Planet Fitness (PLNT) Looks Good: Stock Adds 9.1% in Session

    Planet Fitness (PLNT) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

  • Planet Fitness Signs Agreement to Open 35 Stores in Australia
    Zacks

    Planet Fitness Signs Agreement to Open 35 Stores in Australia

    Planet Fitness (PLNT) has been focusing on strategic partnerships and international expansions. The company is set to open 35 Planet Fitness locations in Australia.

  • MarketWatch

    Planet Fitness stock jumps 8% after earnings indicate same-store sales issues resolved

    Planet Fitness Inc. stock jumped 8.2% in Friday trading after the fitness club chain reported sales that beat expectations, indicating that prior challenges have been resolved. Net income totaled $25.8 million, or 31 cents per share, up from $17.5 million, or 20 cents per share, last year. Adjusted EPS of 36 cents was in line with FactSet expectations. Revenue of $166.8 million was up from $136.7 million and ahead of the FactSet outlook for $162.0 million. Same-store sales growth of 7.9% beat the FactSet consensus for 7.2% growth. Planet Fitness expects full-year revenue to rise 19%, up from an 18% growth forecast previously. And adjusted EPS is expected to be $1.56. The FactSet consensus is for sales of $686.1 million, implying a 19.8% increase, and EPS of $1.57. Wedbush analysts say second-quarter results had suggested weakness in customer demand. "The company seems to have largely resolved these issues, replacing underperforming digital marketing with traditional advertising," analysts wrote. "Meanwhile the much anticipated Black Card price increase was pushed through in September, which should help stabilize the previously diminishing same-store sales contribution from pricing." Wedbush rates Planet Fitness stock neutral with a $69 price target. Planet Fitness shares are up 26.4% for the year to date while the S&P 500 index is up 23%.

  • Dow Jones Today: Stocks Weaken, Disney Stock Streams Higher; Monster, Planet Fitness Soar
    Investor's Business Daily

    Dow Jones Today: Stocks Weaken, Disney Stock Streams Higher; Monster, Planet Fitness Soar

    Stocks dipped into the red early Friday, as global markets eased after a week of strong gains. Walt Disney, up sharply after a strong fiscal fourth-quarter report late Thursday, easily led the the Dow Jones today.

  • Planet Fitness (PLNT) Up on Q3 Earnings Beat & Upbeat View
    Zacks

    Planet Fitness (PLNT) Up on Q3 Earnings Beat & Upbeat View

    Planet Fitness (PLNT) third-quarter 2019 results gain from robust system-wide same-store sales growth and 41 store openings.

  • Planet Fitness Expands Global Footprint to Australia
    PR Newswire

    Planet Fitness Expands Global Footprint to Australia

    HAMPTON, N.H., Nov. 8, 2019 /PRNewswire/ -- Planet Fitness, Inc. (PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., today announced the Company's international expansion to Australia. Planet Fitness has signed an Area Development Agreement with Bravo Fit Holdings Pty Ltd. ("Bravo"), which will bring a minimum of 35 Planet Fitness locations to Australia over the next several years. Bravo is a joint venture among U.S. franchisees, Bravo Fit, LLC and PF Growth Partners, LLC and leading Australian fitness operator, Dallas Rosekelly's Galactic Fitness Pty. The Company has more than 14.1 million members with clubs located in all 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, and Mexico.