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Ownership of Planet Fitness Stock
- Planet Fitness is publicly traded.
- Planet Fitness is owned by parent company PFIP LLC, which is controlled by private equity firm TSG Consumer Partners. Other investors include founder Michael Grondahl, Leonard Green & Partners, and affiliates of JPMorgan Chase. Billionaire John W. Childs also invested $150 million in 2016.
Institutional Shareholders and Stock Ownership
- Institutional shareholders own 100.55% of Planet Fitness.
- Blackrock Inc is the largest shareholder with 12.34M shares, about 13.99% of the company.
- Approximately 58.94% of the stock is owned by Institutional Investors.
Planet Fitness Overview
- Planet Fitness is the world’s largest fitness chain with over 1,500 locations.
- Private equity firm TSG Consumer Partners controls parent company PFIP LLC.
- Billionaire John W. Childs invested $150 million in 2016.
- Institutional investors own the majority of the company’s stock.
Planet Fitness Franchising Information
- All Planet Fitness franchisees must have a $3 million net worth.
- They pay a 5% royalty fee to corporate on sales.
- Franchisees also pay $10,000 for a 10-year agreement.
CEO Change and Stock Price
- The board removed CEO Chris Rondeau in September 2022 with no reason given.
- He remains on the board and Craig Benson serves as interim CEO.
- The stock price fell 16% that day to about $50, the lowest since March 2020.
Stock Ownership and Buying Process
- Shares are owned by institutional and retail investors.
- Stock prices change based on company performance, market trends, and other factors.
- To buy shares you need a brokerage account.
- Once set up, you can purchase stock by placing buy orders.
Company Structure
- Planet Fitness franchises and operates fitness centers under the brand.
- It has three segments – Franchise stores, Corporate-owned Stores, and Equipment sales.
- It was founded in 1992 in New Hampshire.
