Planet Fitness (PLNT)

• Market cap: $8.79B
• 1 day: -1.43%
• 5 days: 5.62%
• 1 month: 2.58%
• 3 months: 32.65%
• 6 months: 35.22%
• Year to date: 4.89%
• 1 year: 41.51%
• 5 years: 30.98%
• 10 years: 552.88%
• 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)

33% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 46

3% more funds holding

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

5% more capital invested

Capital invested by funds: $7.4B [Q2] → $7.74B (+$347M) [Q3]

0% more funds holding in top 10

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

5.88% less ownership

Funds ownership: 114.79% [Q2] → 108.91% (-5.88%) [Q3]

28% less call options, than puts

Call options by funds: $69.1M | Put options by funds: $95.6M

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: $87 17% downside
• Avg. target: $103 1% downside
• High target: $123 18% upside

9 analyst ratings

• positive: 6 67%
• neutral: 3 33%
• negative: 0 0%

Stifel Chris O'Cull 62% 1-year accuracy 21 / 34 met price target	14% downside $90	Hold Maintained	17 Jan 2025
JP Morgan Rahul Krotthapalli 82% 1-year accuracy 9 / 11 met price target	4% downside $100	Overweight Maintained	17 Jan 2025
RBC Capital Logan Reich 37% 1-year accuracy 7 / 19 met price target	15% upside $120	Outperform Reiterated	15 Jan 2025
Piper Sandler Peter Keith 57% 1-year accuracy 25 / 44 met price target	18% upside $123	Overweight Maintained	6 Jan 2025
DA Davidson Linda Bolton Weiser 38% 1-year accuracy 39 / 104 met price target	17% downside $87	Neutral Maintained	29 Nov 2024