Planet Fitness Stock Today
| PLNT Stock | USD 58.65 0.70 1.18% |
Performance0 of 100
| Odds Of DistressLess than 8
|
Planet Fitness is selling for under 58.65 as of the 18th of April 2024; that is -1.18 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 58.11. Planet Fitness has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Planet Fitness are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of May 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Consumer Services | IPO Date 6th of August 2015 | Category Consumer Cyclical | Classification Consumer Discretionary |
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire. Planet Fitness operates under Leisure classification in the United States and is traded on New York Stock Exchange. The company has 87.1 M outstanding shares of which 5.52 M shares are at this time shorted by private and institutional investors with about 2.89 trading days to cover. More on Planet Fitness
Moving together with Planet Stock
| 0.76 | GAN | Gan Financial Report 8th of May 2024 | PairCorr |
Moving against Planet Stock
| 0.9 | SHAK | Shake Shack Financial Report 2nd of May 2024 | PairCorr |
| 0.87 | PLYA | Playa Hotels Resorts Financial Report 2nd of May 2024 | PairCorr |
| 0.85 | WING | Wingstop Financial Report 1st of May 2024 | PairCorr |
| 0.8 | BH | Biglari Holdings | PairCorr |
| 0.8 | HTHT | Huazhu Group Financial Report 3rd of June 2024 | PairCorr |
| 0.77 | SG | Sweetgreen Financial Report 2nd of May 2024 | PairCorr |
| 0.76 | NGMS | NeogamesSA Financial Report 8th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Planet Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Planet Fitness' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Planet Fitness or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Christopher Rondeau | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Recreation (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Hotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NYSE Composite, SP Midcap 400, Recreation, Consumer Discretionary, Hotels, Restaurants & Leisure, Leisure, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Planet Fitness report their recommendations after researching Planet Fitness' financial statements, talking to executives and customers, or listening in on Planet Fitness' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Planet Fitness. The Planet consensus assessment is calculated by taking the average forecast from all of the analysts covering Planet Fitness. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Planet Fitness' liquidity, profitability, solvency, and operating efficiency, Planet Fitness is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. Financial strength of Planet Fitness is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Planet Fitness' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Planet Fitness' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Planet Fitness' financial leverage. It provides some insight into what part of Planet Fitness' total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Planet Fitness (PLNT) is traded on New York Stock Exchange in USA. It is located in 4 Liberty Lane West, Hampton, NH, United States, 03842 and employs 3,797 people. Planet Fitness is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.36 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Planet Fitness's market, we take the total number of its shares issued and multiply it by Planet Fitness's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Planet Fitness conducts business under Hotels, Restaurants & Leisure sector and is part of Consumer Discretionary industry. The entity has 87.1 M outstanding shares of which 5.52 M shares are at this time shorted by private and institutional investors with about 2.89 trading days to cover.
Planet Fitness currently holds about 383.51 M in cash with 330.25 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.55.
Check Planet Fitness Probability Of Bankruptcy
Ownership AllocationPlanet Fitness has a total of 87.1 Million outstanding shares. The majority of Planet Fitness outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Planet Fitness to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Planet Fitness. Please pay attention to any change in the institutional holdings of Planet Fitness as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Planet Ownership Details
Planet Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Planet Fitness jumping above the current price in 90 days from now is about 92.6%. The Planet Fitness probability density function shows the probability of Planet Fitness stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1515 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Planet Fitness will likely underperform. Additionally, planet Fitness has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Planet Fitness to move above the current price in 90 days from now is about 92.6 (This Planet Fitness probability density function shows the probability of Planet Stock to fall within a particular range of prices over 90 days) .
Planet Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Planet Fitness that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Planet Fitness' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Planet Fitness' value.| Instituion | Recorded On | Shares | |
| Eagle Asset Management, Inc. | 2023-12-31 | 2 M | |
| Franklin Resources Inc | 2023-12-31 | 1.9 M | |
| Greenvale Capital Llp | 2023-12-31 | 1.7 M | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 1.4 M | |
| Geode Capital Management, Llc | 2023-12-31 | 1.3 M | |
| Point72 Asset Management, L.p. | 2023-09-30 | 1.3 M | |
| Samlyn Capital, Llc | 2023-12-31 | 1.3 M | |
| Broad Bay Capital Management, Lp | 2023-12-31 | 1.2 M | |
| Bamco Inc | 2023-12-31 | 1.2 M | |
| Blackrock Inc | 2023-12-31 | 12 M | |
| Vanguard Group Inc | 2023-12-31 | 8.1 M |
Planet Fitness Historical Income Statement
Planet Fitness Income Statement is one of the three primary financial statements used for reporting Planet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Planet Fitness revenue and expense. Planet Fitness Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Planet Fitness' Depreciation And Amortization is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 696.3 M in 2024, whereas Total Revenue is likely to drop slightly above 589.3 M in 2024. View More FundamentalsPlanet Stock Against Markets
Picking the right benchmark for Planet Fitness stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Planet Fitness stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Planet Fitness is critical whether you are bullish or bearish towards Planet Fitness at a given time. Please also check how Planet Fitness' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Planet Fitness without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run FinTech Suite Now
FinTech SuiteUse AI to screen and filter profitable investment opportunities |
| All Next | Launch Module |
Planet Fitness Corporate Directors
Planet Fitness corporate directors refer to members of a Planet Fitness board of directors. The board of directors generally takes responsibility for the Planet Fitness' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Planet Fitness' board members must vote for the resolution. The Planet Fitness board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Frances Rathke | Independent Director | Profile | |
| Charles Esserman | Director | Profile | |
| Governor Benson | Interim Director | Profile | |
| David Berg | Director | Profile |
How to buy Planet Stock?
Before investing in Planet Fitness, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Planet Fitness. To buy Planet Fitness stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Planet Fitness. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Planet Fitness stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Planet Fitness stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Planet Fitness stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Planet Fitness, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.
Already Invested in Planet Fitness?
The danger of trading Planet Fitness is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Planet Fitness is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Planet Fitness. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Planet Fitness is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Planet Fitness is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Planet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Planet Fitness Stock. Highlighted below are key reports to facilitate an investment decision about Planet Fitness Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Fitness. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Planet Stock analysis
When running Planet Fitness' price analysis, check to measure Planet Fitness' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Planet Fitness is operating at the current time. Most of Planet Fitness' value examination focuses on studying past and present price action to predict the probability of Planet Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Fitness' price. Additionally, you may evaluate how the addition of Planet Fitness to your portfolios can decrease your overall portfolio volatility.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
Is Planet Fitness' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Planet Fitness. If investors know Planet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Planet Fitness listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Earnings Share 1.62 | Revenue Per Share 12.619 | Quarterly Revenue Growth 0.04 | Return On Assets 0.0616 |
The market value of Planet Fitness is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Fitness' value that differs from its market value or its book value, called intrinsic value, which is Planet Fitness' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Planet Fitness' market value can be influenced by many factors that don't directly affect Planet Fitness' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Planet Fitness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Fitness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Fitness' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.