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Opinions Jim Cramer - Mad Money
Planet FitnessPLNTBUYSep 28, 2022
The CEO has built a remarkable business -- nationwide fitness at a reasonable price. He's all for it.
Jim Cramer - Mad MoneyUnknown
$58.80
Stock price when the opinion was issued
$52.98
As of Jun 18, 2026. Market Open.
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BUY
Planet Fitness is the best gym stock with 2,353 locations in all 50 states, Canada, Mexico, Puerto Rico and Australia. Their franchise model lets them expand quickly, but they earn a lot less per gym. They had a great IPO rally in 2015 through early 2020. Since then, it's been choppy, though rebounding in recent months. Just reported 8.2% same-store sales growth. They target 4,000 locations later. They ultra-cheap memberships and franchise model will shield them from a recession. They can grind higher over time.
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COMMENT
Shares exploded in late-February when we started seeing positive vaccine news. Since then, this has pulled back hard thanks to analyst downgrades on valuation concerns. It reported last night a bottom and top line miss, and shares tumbled 4% today. But there was bullish commentary about traffic trends and reopening gyms, plus new investments. This reopening play could be worth buying.
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