Planet FitnessPLNT
Market Cap: $6.9B
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 Q2 SEC filings by fund managers ($100M+ AUM)
219% more call options, than puts
Call options by funds: $242M | Put options by funds: $76.1M
43% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 10 (+3) [Q2]
21% more capital invested
Capital invested by funds: $5.94B [Q1] → $7.18B (+$1.24B) [Q2]
4% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 51
1% more funds holding
Funds holding: 327 [Q1] → 329 (+2) [Q2]
0.16% more ownership
Funds ownership: 111.35% [Q1] → 111.51% (+0.16%) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 118
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
B of A Securities Rafe Jadrosich 50% 1-year accuracy 5 / 10 met price target | 23%upside $100 | Buy Maintained | 6 Sept 2024 |
Baird Jonathan Komp 62% 1-year accuracy 8 / 13 met price target | 13%upside $92 | Outperform Maintained | 26 Aug 2024 |
JP Morgan Rahul Krotthapalli 63% 1-year accuracy 5 / 8 met price target | 2%downside $80 | Overweight Maintained | 7 Aug 2024 |
RBC Capital Logan Reich 22% 1-year accuracy 2 / 9 met price target | 7%upside $87 | Outperform Maintained | 7 Aug 2024 |
Roth MKM George Kelly 50% 1-year accuracy 24 / 48 met price target | 8%upside $88 | Buy Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 8 articles about PLNT published over the past 30 days