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.
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| 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 |
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
10-Q - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
8-K - Planet Fitness, Inc. (0001637207) (Filer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
4 - Planet Fitness, Inc. (0001637207) (Issuer)
3 - Planet Fitness, Inc. (0001637207) (Issuer)
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
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
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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
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