PLNT - Planet Fitness, Inc.

NYSE - NYSE Delayed Price. Currency in USD
67.73
-0.69 (-1.01%)
At close: 4:02PM EST
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Trade prices are not sourced from all markets
Previous Close68.42
Open67.70
Bid0.00 x 800
Ask0.00 x 1000
Day's Range66.53 - 68.09
52 Week Range48.00 - 81.90
Volume3,069,283
Avg. Volume1,355,138
Market Cap6.118B
Beta (3Y Monthly)0.56
PE Ratio (TTM)51.35
EPS (TTM)1.32
Earnings DateNov 7, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-11-18
1y Target Est80.12
  • 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.

  • 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

  • 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.

  • Investing.com

    Stocks - Walt Disney, Planet Fitness Rise Premarket; Gap Falls

    Investing.com - Stocks in focus in premarket trading on Friday:

  • The Entire Equity Planet Is Getting Hotter, Trading Planet Fitness: Market Recon
    TheStreet.com

    The Entire Equity Planet Is Getting Hotter, Trading Planet Fitness: Market Recon

    Question... My thoughts on recent (not to mention nearly daily) all-time highs for our broader equity markets. Show me the money, Sarge. This program intelligently targets T-Bills (the short end of the curve), while allowing Notes and Bonds (the long end) to dangle in the breeze (free market pricing).

  • Planet Fitness (PLNT) Q3 Earnings and Revenues Beat Estimates
    Zacks

    Planet Fitness (PLNT) Q3 Earnings and Revenues Beat Estimates

    Planet Fitness (PLNT) delivered earnings and revenue surprises of 2.86% and 2.66%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Planet Fitness Earnings Top As Stock Tries To Muscle Past Overhead Resistance
    Investor's Business Daily

    Planet Fitness Earnings Top As Stock Tries To Muscle Past Overhead Resistance

    Planet Fitness earnings topped views late Thursday days after Peloton disappointed with its first report following its IPO. Planet Fitness stock rose.

  • Planet Fitness Names Jeremy Tucker Chief Marketing Officer
    PR Newswire

    Planet Fitness Names Jeremy Tucker Chief Marketing Officer

    HAMPTON, N.H., Nov. 7, 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 that Jeremy Tucker has been appointed Chief Marketing Officer. Starting November 20, Tucker will be responsible for overseeing the Company's national and local marketing, branding, creative development and media, digital and social media, brand partnerships and sponsorships, communications, and corporate social responsibility.

  • Planet Fitness, Inc. Announces Third Quarter 2019 Results
    PR Newswire

    Planet Fitness, Inc. Announces Third Quarter 2019 Results

    System-Wide Same Store Sales Increased 7.9% 41 New Planet Fitness Stores Opened Raises Full Year Outlook HAMPTON, N.H. , Nov. 7, 2019 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial ...

  • Factors Setting the Tone for Planet Fitness (PLNT) Q3 Earnings
    Zacks

    Factors Setting the Tone for Planet Fitness (PLNT) Q3 Earnings

    Planet Fitness' (PLNT) Q3 performance is likely to have gained from higher demand, increase in net member and higher average royalty rate.

  • 5 Must-See Earnings Charts This Week
    Zacks

    5 Must-See Earnings Charts This Week

    Wellness and lifestyle companies have been front and center thanks to Millennial demands for experiences. These 5 companies are some of the top names.

  • Peloton reports first earnings results since IPO: 10 top takeaways
    Yahoo Finance

    Peloton reports first earnings results since IPO: 10 top takeaways

    Peloton's first earnings report as a public company are out. Here's what we know.

  • Planet Fitness Invites Veterans And Active Military Personnel To "Work Out And Relax" For Free From Nov. 8 - 15
    PR Newswire

    Planet Fitness Invites Veterans And Active Military Personnel To "Work Out And Relax" For Free From Nov. 8 - 15

    In addition to full access to club services such as free small group fitness training taught anytime by PE@PF certified trainers, veterans and active military personnel are invited to bring a workout buddy with them at no additional charge and relax after they work out with free HydroMassage and chair massages. HydroMassage provides a convenient way to enjoy the relaxing benefits of a massage, typically enjoyed either pre-workout to loosen tight muscles or post-workout as a cool-down.

  • Planet Fitness (PLNT) Earnings Expected to Grow: Should You Buy?
    Zacks

    Planet Fitness (PLNT) Earnings Expected to Grow: Should You Buy?

    Planet Fitness (PLNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Here's Why We Think Planet Fitness (NYSE:PLNT) Is Well Worth Watching
    Simply Wall St.

    Here's Why We Think Planet Fitness (NYSE:PLNT) Is Well Worth Watching

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • 3 Stocks That Are Screaming Buys Right Now
    TipRanks

    3 Stocks That Are Screaming Buys Right Now

    Given the renewed sense of optimism, investors are looking for fresh investments to spruce up their portfolios. With this in mind, we used TipRanks’ Best Stocks to Buy tool to narrow down the 3 top stocks that represent the most compelling investments in the current economic climate. All of these stocks have the Street’s backing as each has received a recent ratings upgrade and earned a “Strong Buy” consensus, based on all of the ratings assigned to the stock over the last three months. Planet Fitness (PLNT)Despite some recent shakiness after management stated 2H19 comps will decelerate during its second quarter earnings conference call, one top analyst just gave the fitness chain a ratings boost.Imperial Capital’s George Kelly believes the “best in class fitness operator” is a growth stock based on its solid fundamentals. In the latest quarter, the company posted revenue of $181.7 million which represented a 29% year-over-year gain. Not to mention, the company boasts 14 million guests which utilize its fitness centers.That being said, more gains could be in store thanks to its new locations and higher pricing. With the company opening more centers this year than ever before and its introduction of more Black Card services as well as membership tiers, its long-term growth narrative appears strong.All of this lends itself to Kelly’s conclusion that PLNT “offers much value at its current pricing relative to competitors” which include Crunch and The Edge Fitness. This prompted the five-star analyst to upgrade the rating to a Buy and set a $72.50 price target, which puts the upside potential at 20%. (To watch Kelly’s track record, click here)The rest of the Street is even more bullish on PLNT. With 6 Buy ratings and 1 Hold received in the last three months, the stock is clearly a ‘Strong Buy’ among analysts. The upside potential also comes in at 36% based on its $82 average price target. (See Planet Fitness stock analysis on TipRanks) Varonis Systems (VRNS)Varonis Systems is a software company that provides data security and analytics solutions. The company, which is up 19% year-to-date, looks like a long-term winner according to several Wall Street analysts.While its shift from license based software to subscription based initially posed a cause for concern among some investors, the transition appears to be going much more smoothly than expected. At the beginning of the year, management guided subscription revenue landing at 10% of total license revenues. However, investors got a pleasant surprise as the company delivered subscription revenue which made up 31% of license revenue in its first quarter. Its next quarter saw a similar result with subscriptions contributing to 56% of the license revenue mix.“Subscription transition continues to happen faster than expected. We believe VRNS will report a quarter like their last two, a higher anticipated mix of subscription revenue and raised mix guidance,” Craig-Hallum analyst Chad Bennett explained. He now expects that subscriptions will account for between 65%-75% of total license revenue as VRNS exits 2019.On top of the success of its altered business model, data obtained by Craig-Hallum indicates demand for its new subscription model remains healthy. This makes sense as a subscription based model reduces customers’ upfront investment so buying multiple products is more attractive.Based on all of the above factors, Bennett upgraded the rating to a Buy and raised the price target from $70 to $75. The new price target conveys his confidence in VRNS’s ability to surge 22% over the next twelve months. (To watch Bennett’s track record, click here)Other Wall Street analysts take a similar approach when it comes to this software stock. VRNS boasts a ‘Strong Buy’ Street consensus, with its $81 average price target implying 33% upside potential. (See Varonis Systems stock analysis on TipRanks) TFI International (TFIFF)It’s no question that the name behind Canada’s largest trucking fleet has taken a hit as a result of deterioration within the industry as a whole. Nonetheless, TFIFF share price could be on the road to recovery as the worst might be behind for the trucking space.As truck-load freight rates start to stabilize, it could be a sign that contract rates will soon rebound as well. It should also be noted that while truck supply has increased, truck tonnage remains positive in 2019 and spot rates are still healthy.While the industry still has a ways to go, TFIFF could see further truck-load margin improvement as it shifts focus towards revenue and operating expenses. In its U.S. Last Mile segment, management has also made a significant effort to improve revenue quality as well as efficiency.BMO Capital five-star analyst Fadi Chamoun tells clients that its focus on revenue as well as its recent acquisitions including Aulick Leasing Corporation and ShirAul, LLC warranted bumping up the rating from a Hold to a Buy. “We expect Q3/19 results will prove to be resilient despite a softer freight market. This is supported by M&A and self-help opportunities in the U.S. TL and last-mile segments,” he commented.As a result, Chamoun raised the price target from CA$45 to CA$47 in addition to lifting the rating. This price target suggests shares could gain 12% over the next twelve months. (To watch Chamoun’s track record, click here)With only Buy ratings assigned in the last three months, the word on the Street is that TFIFF is a ‘Strong Buy’. Its $41 average price target indicates 28% upside potential.

  • Planet Fitness, Inc. to Report Third Quarter 2019 Results on November 7, 2019
    PR Newswire

    Planet Fitness, Inc. to Report Third Quarter 2019 Results on November 7, 2019

    HAMPTON, N.H., Oct. 22, 2019 /PRNewswire/ -- Planet Fitness, Inc. (PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2019 after the market closes on Thursday, November 7, 2019. The Company will discuss its financial results on a conference call scheduled at 4:30 p.m. Eastern Time on Thursday, November 7, 2019. Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations.

  • Planet Fitness Reaches $5 Million Fundraising Milestone Benefitting Boys & Girls Clubs of America
    PR Newswire

    Planet Fitness Reaches $5 Million Fundraising Milestone Benefitting Boys & Girls Clubs of America

    Donations from Franchisees, Partners and Members Support Judgement Free Generation's Anti-Bullying, Pro-Kindness Efforts HAMPTON, N.H. , Oct. 21, 2019 /PRNewswire/ -- Planet Fitness , Inc., one of the ...

  • Thomson Reuters StreetEvents

    Edited Transcript of PLNT earnings conference call or presentation 6-Aug-19 8:30pm GMT

    Q2 2019 Planet Fitness Inc Earnings Call

  • Planet Fitness Recognized for Customer Service and Growth
    PR Newswire

    Planet Fitness Recognized for Customer Service and Growth

    HAMPTON, N.H., Oct. 17, 2019 /PRNewswire/ -- Planet Fitness, Inc. (PLNT) one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. and home of the Judgement Free Zone®, has been recognized for excellence in customer service and growth. For the second consecutive year, Planet Fitness has been named to Newsweek's list of "America's Best Companies for Customer Service," ranking number 2 in the Fitness Centers Category.

  • 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.