Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It 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 United States. As of August 10, 2021, the company had 2,170 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
IPO Year: 2015
Exchange: NYSE
Website: planetfitness.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $91.00 → $99.00 | Outperform → Neutral | Macquarie |
| 9/27/2024 | $71.00 | Hold | Deutsche Bank |
| 9/5/2024 | $97.00 | Neutral → Outperform | Exane BNP Paribas |
| 6/24/2024 | $66.00 → $92.00 | Hold → Buy | TD Cowen |
| 6/10/2024 | $62.00 → $100.00 | Hold → Buy | Jefferies |
| 5/10/2024 | $80.00 → $70.00 | Buy → Hold | Stifel |
| 10/16/2023 | $45.00 | Underperform → Neutral | Exane BNP Paribas |
| 9/27/2023 | $62.00 | Overweight | Morgan Stanley |
| 9/19/2023 | $70.00 → $52.00 | Overweight → Neutral | JP Morgan |
| 9/18/2023 | $90.00 → $56.00 | Buy → Hold | Jefferies |
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10-Q - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
10-Q - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
10-Q - Planet Fitness, Inc. (0001637207) (Filer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
Increases 2024 revenue and Adjusted EBITDA outlook Initiated new $500 million share repurchase program upon $280 million share repurchase completion Appointed Jay Stasz as Chief Financial Officer, effective November 15, 2024 HAMPTON, N.H., Nov. 7, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its third quarter ended September 30, 2024. "We delivered solid results in the quarter, including more than 5 percent revenue growth, approximately 3 percent net income growth and approximately 10 percent Adjusted EBITDA growth, and are raising our outlook for certain key financial targets," said Colleen Keating, Chief Executive Officer. "During the quarter,
HAMPTON, N.H., Oct. 30, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today that it has appointed Jay Stasz as its next Chief Financial Officer (CFO), effective November 15, 2024. Mr. Stasz will join the Company on November 4, 2024, and will work with current CFO Tom Fitzgerald until assuming the role. As previously announced, Mr. Fitzgerald will remain an employee of the Company through December 31, 2024 to ensure a smooth transition and will serve in a consulting capacity with the Company through March 31, 2025.
HAMPTON, N.H., Oct. 24, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. The Company will discuss its third quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also obtain a dial-in number and passcode by following the pre-registration link: https://registrations.events/direct/Q4I784977403. For those unable to participate in the live call, a digital recording will
TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today nearly three million high school students signed up for its annual High School Summer Pass program, logging more than 12 million workouts this summer between June 1 and August 31. During this time, Planet Fitness invited high schoolers between the ages of 14 – 19 to work out for free at any of its 2,600+ locations across the United States and Canada. Since the High School Summer Pass program began, Planet Fitness has invested more than $300 million in waived membership dues to pro
Reiterates 2024 outlookConsummated $800 million refinancing transactionExecuted $280 million Accelerated Share Repurchase in second quarter HAMPTON, N.H., Aug. 6, 2024 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its second quarter ended June 30, 2024. "Since I stepped into the CEO role in June, I have become even more confident and excited about my decision to join such an iconic brand, supported by a strong foundation and team, a solid base of approximately 100 franchisees, and approximately 19.7 million members," said Colleen Keating, Chief Executive Officer. "During the quarter, we continued to demonstrate the unique strength of our asset-light,
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 the market opens on Tuesday, August 6, 2024. The Company will discuss its second quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also obtain a dial-in number and passcode by following the pre-registration link: https://registrations.events/direct/Q4I1094323. For those unable to participate in the live call, a digital recording will be ava
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 Agreement") with Citibank, N.A. (the "Bank"). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on November 8, 2022 (the "2022 Share Repurchase Program"). As of June 13, 2024, before giving effect to the ASR Agreement, approximately $355 million remained available for share repurchases pursuant to the 2022 Share Repurchase Program. Pursuant to the terms of the ASR Agreement, the Company will pay the Bank $280 mi
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 refinancing transaction. The new series of securitized notes (the "2024 Notes") consist of $800 million Class A-2 Senior Secured Notes issued in two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment date of five years, with a principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly; and the Class A-2-II Senior Secured Notes with an anticipated repayment date of ten years, with a principal amount of $375 million and a fixed interest rate of
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-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly, and the Class A-2-II Senior Secured Notes with an anticipated repayment term of ten years, with an aggregate principal amount of $375 million and a fixed interest rate of 6.237% per annum, payable quarterly.
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 refinancing transaction, which will include the issuance of a new series of securitized debt under their existing securitized financing facility and repayment of their existing Series 2018-1 Class A-2-II Notes. The Company had approximately $2.0 billion of outstanding debt under its existing securitized financing facility as of March 31, 2024.The Company intends to issue $600 million Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2 (the "Notes"), with the potential to upsize up to $800 milli
Macquarie downgraded Planet Fitness from Outperform to Neutral and set a new price target of $99.00 from $91.00 previously
Deutsche Bank initiated coverage of Planet Fitness with a rating of Hold and set a new price target of $71.00
Exane BNP Paribas upgraded Planet Fitness from Neutral to Outperform and set a new price target of $97.00
TD Cowen upgraded Planet Fitness from Hold to Buy and set a new price target of $92.00 from $66.00 previously
Jefferies upgraded Planet Fitness from Hold to Buy and set a new price target of $100.00 from $62.00 previously
Stifel downgraded Planet Fitness from Buy to Hold and set a new price target of $70.00 from $80.00 previously
Exane BNP Paribas upgraded Planet Fitness from Underperform to Neutral and set a new price target of $45.00
Morgan Stanley initiated coverage of Planet Fitness with a rating of Overweight and set a new price target of $62.00
JP Morgan downgraded Planet Fitness from Overweight to Neutral and set a new price target of $52.00 from $70.00 previously
Jefferies downgraded Planet Fitness from Buy to Hold and set a new price target of $56.00 from $90.00 previously
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
3 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
HAMPTON, N.H., Oct. 30, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today that it has appointed Jay Stasz as its next Chief Financial Officer (CFO), effective November 15, 2024. Mr. Stasz will join the Company on November 4, 2024, and will work with current CFO Tom Fitzgerald until assuming the role. As previously announced, Mr. Fitzgerald will remain an employee of the Company through December 31, 2024 to ensure a smooth transition and will serve in a consulting capacity with the Company through March 31, 2025.
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 Colleen Keating as the Company's Chief Executive Officer, effective June 10, 2024. At that time, Craig Benson will resign as Interim CEO but will continue to serve as a member of the Company's Board of Directors. Ms. Keating is a proven executive that brings to Planet Fitness over three decades of experience across hospitality, real estate, operations and franchise management, with expertise in brand management and leading customer-facing organizations. Since 2020, she has served as CEO of FirstKey Ho
Craig Benson Appointed Interim Chief Executive Officer, Effective Immediately HAMPTON, N.H., Sept. 15, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that Craig R. Benson, a member of the Company's Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. Benson's appointment follows the decision by the Board to transition to new leadership, resulting in Chris Rondeau's departure as the Company's CEO. Rondeau will continue to serve as a member of the Company's Board of Directors and will be nominated for re-election at the Company's 2024 Annual Meeting. Rondeau will continue to serve the Company in an advisory role
Premier Franchise Management ("Premier"), the largest U.S. residential pool-build and pool-service franchisor, announced that it has appointed Tom Fitzgerald, Chief Financial Officer for Planet Fitness (NYSE:PLNT), to its Board of Directors. "We are pleased to welcome Tom as a director to the Premier Board," said Paul Porter, founder and Chief Executive Officer of Premier. "He joins Premier at an exciting time in the business and complements our existing board of director's skills and expertise. He brings decades of experience in franchising, financial strategy, and customer experience, which will be vital to our long-term strategy as the preeminent franchisor in the pool space." John H
HAMPTON, N.H., Dec. 12, 2022 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced that Edward Hymes has been appointed President and Chief Operating Officer reporting directly to Chief Executive Officer, Chris Rondeau. Mr. Hymes will join the brand in January and be responsible for driving both the day-to-day business and longer-term strategic growth of the Company, with overall leadership and accountability of the brand's primary revenue producing business segments, including U.S. and international franchise operations and developm
HAMPTON, N.H., June 9, 2021 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. with more members than any other fitness brand, announced that Sherrill Kaplan has been appointed Chief Digital Officer. Ms. Kaplan joins the brand this month leading the Company's digital vision and strategy, including the continuous evolution of its mobile app, with a focus on consumer engagement, loyalty and a differentiated omni-channel experience to accelerate Planet Fitness' growth and success. She will report directly to Chris Rondeau, Chief Executive Officer. Sherrill Kaplan "Sherrill
HAMPTON, N.H., April 27, 2021 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. with more members than any other fitness brand, today announced that Mary Bradley has been appointed Senior Vice President of Corporate Club Operations, effective immediately. Bradley will be responsible for all facets of the Company's Corporate Club portfolio, leading and developing the team, overseeing overall operations, implementing cross-functional initiatives, and identifying strategic growth and future expansion of the brand's corporate store fleet, which currently consists of 104 stores across 10 states and Can
HAMPTON, N.H., Oct. 24, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. The Company will discuss its third quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also obtain a dial-in number and passcode by following the pre-registration link: https://registrations.events/direct/Q4I784977403. For those unable to participate in the live call, a digital recording will
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 the market opens on Tuesday, August 6, 2024. The Company will discuss its second quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also obtain a dial-in number and passcode by following the pre-registration link: https://registrations.events/direct/Q4I1094323. For those unable to participate in the live call, a digital recording will be ava
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, before the market opens on Thursday, May 9, 2024. The Company will discuss its first quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also obtain a dial-in number and passcode by following the pre-registration link: https://registrations.events/direct/Q4I1094374. For those unable to participate in the live call, a digital recording will be availa
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 to retire at the end of August 2024. In connection with this transition, the Company will conduct a comprehensive search to identify a new CFO with the assistance of a leading executive search firm. "On behalf of the Board and everyone at Planet Fitness, I would like to thank Tom for his valued partnership and significant contributions to the Company over the last four years," said Craig Benson, Interim Chief Executive Officer. "Tom has been a great asset to Planet Fitness, having brought with hi
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, before the market opens on Thursday, February 22, 2024. The Company will discuss its fourth quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also obtain a dial-in number and passcode by following the pre-registration link: https://registrations.events/direct/Q4I10943 For those unable to participate in the live call, a digital recording will be
HAMPTON, N.H., July 20, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its second quarter ended June 30, 2023, before the market opens on Thursday, August 3, 2023. The Company will discuss its second quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also obtain a dial-in number and passcode by following the pre-registration link: https://conferencingportals.com/event/aBWXpHCw. For those unable to participate in the live call, an audio replay will be availab
HAMPTON, N.H., April 20, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its first quarter ended March 31, 2023, before the market opens on Thursday, May 4, 2023. The Company will discuss its first quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also access the conference call via the following dial-in numbers: (844) 200-6205 or (929) 526-1599, conference number 651423. An audio replay of the webcast will be available within two hours of the conclusion of
HAMPTON, N.H., Feb. 9, 2023 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its fourth quarter ended December 31, 2022, before the market opens on Thursday, February 23, 2023. The Company will discuss its fourth quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on the same day. A live webcast of the conference call will be available at https://investor.planetfitness.com. Investors may also access the conference call via the following dial-in numbers: (844) 200-6205 or (929) 526-1599, conference number 146564. An audio replay of the webcast will be available within two hours of the conc
HAMPTON, N.H., Oct. 25, 2022 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2022, before the market opens on Tuesday, November 8, 2022. The Company will discuss its third quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on Tuesday, November 8, 2022. A live webcast of the conference call will be available at http://investor.planetfitness.com. Investors may also access the conference call via the following dial-in numbers: (844) 200-6205 or (929) 526-1599, conference number 968295. An audio replay of the webcast will be available within two hours o
HAMPTON, N.H., July 26, 2022 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its second quarter ended June 30, 2022, before the market opens on Tuesday, August 9, 2022. The Company will discuss its second quarter financial results on a conference call scheduled at 8:00 a.m. Eastern Time on Tuesday, August 9, 2022. A live webcast of the conference call will be available at https://investor.planetfitness.com. Investors may also access the conference call via the following dial-in numbers: (844) 200-6205 or (929) 526-1599, conference number 591858.
Piper Sandler analyst Peter Keith maintains Planet Fitness (NYSE:PLNT) with a Overweight and raises the price target from $80 to $89.
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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 page. TD Cowen analyst Max Rakhlenko upgraded the rating for Planet Fitness, Inc. (NYSE:PLNT) from Hold to Buy, while raising the price target from $66 to $92. Planet Fitness shares fell 0.4% to close at $72.73 on Friday. See how other analysts view this stock. Roth MKM analyst Eric Handler upgraded Cinemark Holdings, Inc. (NYSE:CNK) from Neutral to Buy and boosted the price target from $19 to $26. Cinemark shares gained 0.5% to close at $19.48 on Friday. See how other analysts view this sto
TD Cowen analyst Max Rakhlenko upgrades Planet Fitness (NYSE:PLNT) from Hold to Buy and raises the price target from $66 to $92.
Morgan Stanley analyst Megan Alexander maintains Planet Fitness (NYSE:PLNT) with a Overweight and maintains $79 price target.
DA Davidson analyst Linda Bolton Weiser maintains Planet Fitness (NYSE:PLNT) with a Neutral and maintains $62 price target.
The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on November 8, 2022
Jefferies analyst Randal Konik upgrades Planet Fitness (NYSE:PLNT) from Hold to Buy and raises the price target from $62 to $100.
The Company had approximately $2.0 billion of outstanding debt under its existing securitized financing facility as of March 31, 2024. The Company intends to issue $600 million Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2, with the potential to upsize up to $800 million, subject to market conditions and other factors.