Planet Fitness (PLNT)

• Market cap: $8.36B
• 1 day: 0.08%
• 5 days: -0.71%
• 1 month: 1.00%
• 3 months: 17.69%
• 6 months: 35.94%
• Year to date: 36.05%
• 1 year: 38.07%
• 5 years: 34.94%
• 10 years: 520.38%
• Sector: Consumer Discretionary
• Industry: Membership Sports & Recreation Clubs

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)

20% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 51

3% more funds holding

Funds holding: 332 [Q2] → 342 (+10) [Q3]

3% more capital invested

Capital invested by funds: $7.22B [Q2] → $7.45B (+$228M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 10 [Q2] → 10 (+0) [Q3]

7.3% less ownership

Funds ownership: 112.1% [Q2] → 104.8% (-7.3%) [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: 151

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $71 28% downside
• Avg. target: $95 5% downside
• High target: $120 21% upside

9 analyst ratings

• positive: 5 56%
• neutral: 4 44%
• negative: 0 0%

RBC Capital Logan Reich 41% 1-year accuracy 7 / 17 met price target	21% upside $120	Outperform Maintained	17 Dec 2024
DA Davidson Linda Bolton Weiser 41% 1-year accuracy 42 / 102 met price target	12% downside $87	Neutral Maintained	29 Nov 2024
Raymond James Joseph Altobello 54% 1-year accuracy 7 / 13 met price target	11% upside $110	Strong Buy Maintained	8 Nov 2024
JP Morgan Rahul Krotthapalli 80% 1-year accuracy 8 / 10 met price target	9% downside $90	Overweight Maintained	8 Nov 2024
Baird Jonathan Komp 85% 1-year accuracy 17 / 20 met price target	11% upside $110	Outperform Maintained	8 Nov 2024