Planet FitnessPLNT
About: Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.
Employees: 3,411
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
17% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 52
3% more funds holding
Funds holding: 332 [Q2] → 341 (+9) [Q3]
3% more capital invested
Capital invested by funds: $7.22B [Q2] → $7.44B (+$220M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 10 (+0) [Q3]
7.42% less ownership
Funds ownership: 112.1% [Q2] → 104.69% (-7.42%) [Q3]
26% less call options, than puts
Call options by funds: $69.1M | Put options by funds: $93.6M
43% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 150
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
DA Davidson Linda Bolton Weiser 58% 1-year accuracy 35 / 60 met price target | 13%downside $87 | Neutral Maintained | 29 Nov 2024 |
Raymond James Joseph Altobello 69% 1-year accuracy 9 / 13 met price target | 10%upside $110 | Strong Buy Maintained | 8 Nov 2024 |
RBC Capital Logan Reich 60% 1-year accuracy 9 / 15 met price target | 10%upside $110 | Outperform Maintained | 8 Nov 2024 |
JP Morgan Rahul Krotthapalli 90% 1-year accuracy 9 / 10 met price target | 10%downside $90 | Overweight Maintained | 8 Nov 2024 |
Baird Jonathan Komp 83% 1-year accuracy 10 / 12 met price target | 10%upside $110 | Outperform Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 19 articles about PLNT published over the past 30 days
