TD Cowen Upgrades Planet Fitness to Buy, Raises Price Target to $92
$PLNT
Hotels/Resorts
Consumer Discretionary
TD Cowen analyst Max Rakhlenko upgrades Planet Fitness (NYSE:PLNT) from Hold to Buy and raises the price target from $66 to $92.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/13/2025 | $120.00 | Buy | Canaccord Genuity |
| 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 |
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Canaccord Genuity initiated coverage of Planet Fitness with a rating of Buy and set a new price target of $120.00
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
HAMPTON, N.H., Feb. 26, 2025 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company is participating in an upcoming investor conference. Raymond James 46th Annual Institutional Investors Conference: Management's fireside chat presentation is scheduled for March 4, 2025, at 4:00 p.m. Eastern Time. A live webcast of the presentation will be available on the investor relations website at http://investor.planetfitness.com. About Planet Fitness Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness clubs in the world by number of members and locations. As of December 31, 2024, Planet F
Full-year system-wide same club sales increase of 5.0%Net membership growth of 1 million since the end of 2023Opened 150 new Planet Fitness clubs in 2024 HAMPTON, N.H., Feb. 25, 2025 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE:PLNT) reported financial results for its fourth quarter and year ended December 31, 2024. Fourth Quarter Fiscal 2024 Highlights Total revenue increased from the prior year period by 19.4% to $340.5 million.System-wide same club sales increased 5.5%.System-wide sales increased to $1.2 billion from $1.1 billion in the prior year period.Net income attributable to Planet Fitness, Inc. was $47.1 million, or $0.56 per diluted share, compared to $35.3 million, or $0.41
HAMPTON, N.H., Feb. 12, 2025 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT), 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 realigned its leadership team to support the Company's strategic imperatives and propel the brand forward. The following appointments will take effect on March 3, 2025: Bill Bode, currently Division President, U.S. Franchise, will move into the newly-created Chief Operating Officer role and will oversee operations for both franchise and corporate clubs. Jennifer Simmons, currently Division President, Corporate Clubs, will move into the newly-created Chief
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HAMPTON, N.H., Feb. 11, 2025 /PRNewswire/ -- Planet Fitness, Inc. (NYSE:PLNT) (the "Company"), today announced that the Company will report results for its fourth quarter ended December 31, 2024, before the market opens on Tuesday, February 25, 2025. 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/Q4I784971000000000000. For those unable to participate in the live call, a digital reco
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
Company Appoints Chip Ohlsson as Chief Development Officer and Brian Povinelli as Chief Marketing Officer HAMPTON, N.H., Jan. 13, 2025 /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 Chip Ohlsson as Chief Development Officer, effective January 20, 2025, and Brian Povinelli as Chief Marketing Officer, effective February 10, 2025. Mr. Ohlsson and Mr. Povinelli will report directly to Chief Executive Officer Colleen Keating. Mr. Ohlsson is an accomplished development executive with three decades of experience
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