Planet Fitness Approves Key Amendments at Annual Meeting

An update from Planet Fitness ( (PLNT) ) is now available.

On May 6, 2025, Planet Fitness held its Annual Meeting where stockholders approved several significant amendments to the company’s Second Restated Certificate of Incorporation. These amendments included the removal of supermajority voting requirements, the elimination of obsolete provisions, and the limitation of liability for certain officers. Additionally, stockholders elected three directors, ratified KPMG LLP as the independent registered public accounting firm for 2025, and approved the 2025 Omnibus Incentive Plan. However, a stockholder proposal regarding the adoption of an EEO-1 report disclosure policy was not approved.

The most recent analyst rating on (PLNT) stock is a Hold with a $99.00 price target. To see the full list of analyst forecasts on Planet Fitness stock, see the PLNT Stock Forecast page.

Spark’s Take on PLNT Stock

According to Spark, TipRanks’ AI Analyst, PLNT is a Neutral.

Planet Fitness shows strong operational performance with significant revenue and membership growth. However, high leverage and negative equity present financial risks. Technical indicators suggest stable short-term trends, but the high P/E ratio indicates potential overvaluation. Positive earnings call and corporate events support future growth, balancing the financial concerns.

To see Spark’s full report on PLNT stock, click here.

More about Planet Fitness

Average Trading Volume: 1,645,530

Technical Sentiment Signal: Buy

Current Market Cap: $7.83B

For an in-depth examination of PLNT stock, go to TipRanks’ Stock Analysis page.