Planet Fitness Adds Harmit Singh to Board of Directors
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Planet Fitness ( (PLNT) ).
On March 16, 2026, Planet Fitness announced it had expanded its board of directors from nine to ten members and appointed Harmit Singh, the executive vice president and chief financial and growth officer of Levi Strauss & Co., as a Class III director, effective immediately. The board determined Singh meets New York Stock Exchange independence standards, and he will receive standard non-employee director compensation, including a prorated equity grant of restricted stock units that will vest by the next annual meeting or one year from grant.
Singh brings more than four decades of global financial and commercial experience across prominent consumer and hospitality brands, including prior CFO roles at Levi, Hyatt Hotels and senior leadership at Yum! Brands, and he has led multiple initial public offerings and large-scale expansion initiatives. His appointment is intended to deepen Planet Fitness’s financial, strategic and franchise expertise at the board level as the company pursues further growth, with leadership highlighting his background in scaling global consumer businesses, real estate and franchise models as a complementary asset for advancing value creation for members, franchisees and shareholders.
The most recent analyst rating on (PLNT) stock is a Buy with a $100.00 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.
The score reflects strong profitability and cash flow plus constructive 2026 guidance, offset by a major balance-sheet risk (persistent negative equity) and weak technicals (price well below major moving averages with bearish momentum). Valuation further limits upside given the high P/E and no stated dividend yield.
To see Spark’s full report on PLNT stock, click here.
More about Planet Fitness
Planet Fitness, Inc. is a leading franchisor and operator of fitness clubs, positioned as one of the largest and fastest-growing fitness center chains globally by members and locations. Founded in 1992 and headquartered in New Hampshire, it serves about 20.8 million members across 2,896 clubs as of December 31, 2025, with roughly 90% of sites owned and operated by independent franchisees in the U.S. and select international markets.
The company targets value-oriented consumers with a low-cost, “Judgement Free Zone” model that emphasizes an accessible, non-intimidating gym experience. Its growth strategy relies heavily on franchising, domestic and international expansion, and maintaining a strong, mass-market brand that appeals to first-time and casual gym users as well as more consistent fitness customers.
Average Trading Volume: 1,915,242
Technical Sentiment Signal: Sell
Current Market Cap: $5.89B
Learn more about PLNT stock on TipRanks’ Stock Analysis page.
