PLNT Stock Summary and Trading Ideas (Planet Fitness | NYSE:PLNT)

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.

Planet Fitness trades on the NYSE stock market under the symbol PLNT.

As of February 6, 2025, PLNT stock price climbed to $108.54 with 1,078,678 million shares trading.

PLNT has a beta of 0.92, meaning it tends to be less sensitive to market movements. PLNT has a correlation of 0.15 to the broad based SPY ETF.

PLNT has a market cap of $9.14 billion. This is considered a Mid Cap stock.

Last quarter Planet Fitness reported $292 million in Revenue and $.64 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.06.

In the last 3 years, PLNT traded as high as $110.00 and as low as $44.13.

The top ETF exchange traded funds that PLNT belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

PLNT has outperformed the market in the last year with a price return of +60.4% while the SPY ETF gained +24.5%. PLNT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +36.1% and +2.0%, respectively, while the SPY returned +5.5% and 0.0%, respectively.

PLNT support price is $104.85 and resistance is $108.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PLNT shares will trade within this expected range on the day.