Form 8-K Planet Fitness, Inc. For: Jun 12

Go back to Form 8-K Planet Fitness, Inc. For: Jun 12

DA Davidson Reiterates Neutral Rating on Planet Fitness (PLNT)

June 13, 2024 4:00 PM EDT

DA Davidson analyst Linda Bolton Weiser reiterated a Neutral rating and $62.00 price target on Planet Fitness (NYSE: PLNT).

The analyst comments "PLNT announced a $280M ASR of ~3.9M shares to offset the dilutive impact to 2024E EPS of its debt refinancing. The... More

Planet Fitness (PLNT) Enters $280M Accelerated Share Buyback

June 13, 2024 6:55 AM EDT

On June 12, 2024, Planet Fitness (NYSE: PLNT) entered into a $280 million accelerated share repurchase agreement (the ASR Agreement) with Citibank, N.A.(the Bank). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization (the Share Repurchase Authorization). As of June 13, 2024, before giving effect to the ASR Agreement, approximately $355 million remained available for... More