Planet Fitness Inc (PLNT) Stock AnalysisPLNTPlanet Fitness Inc

Planet Fitness, Inc. is a franchisor and operator of fitness centers in the world. The Company's segments are Franchise, Corporate-owned clubs, and Equipment. The Franchise segment includes operations related to the Company's franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned clubs segment includes operations with respect to all Corporate-owned clubs throughout the United States, Canada, and Spain. The Equipment segment includes the sale of equipment to franchisee-owned clubs. The Company's subsidiaries operate three lines of business, which include licensing and selling franchises under the Planet Fitness trade name, owning, and operating fitness centers, and selling fitness-related equipment to franchisee-owned clubs. It operates approximately 2,909 clubs in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain. It operates in the Consumer Cyclicals sector (SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS industry).

Planet Fitness Inc is a good buy right now due to its current price of $47.98 being significantly below the analyst price target of $80 from UBS, indicating a potential upside of 66%. Additionally, the forward P/E ratio of 10.76 suggests the stock is undervalued compared to its earnings potential. However, the main risk is the insider selling activity, with the COO selling 7,000 shares, which may indicate a cautious outlook.

11 analysts cover PLNT: 10 rate it Buy, 1 Hold and 0 Sell. The average price target is 133.25.