Planet Fitness (PLNT -1.72%) made investors happy when it reported better-than-expected financial results for the three-month period that ended Sept. 30. Shares have soared 27% since the start of November, following positive momentum for the overall market.This fitness stock is now trading in record territory. If you're looking to buy Planet Fitness on the recent strength, first take the time to know these three things.Franchise modelInvestors have probably seen a Planet Fitness gym near where they live, kn ...

A group of unsecured creditors pushed to derail the sale of bankrupt gym chain Blink to a UK company after it won an auction over Planet Fitness, The Post has learned.Planet Fitness — the largest gym chain in the US with more than 2,000 locations — had made an 11th-hour bid to acquire Blink, which last week accepted a lower offer from UK-based Pure Gym, sources exclusively told The Post.Planet Fitness has made an eleventh-hour bid to acquire affordable gym chain Blink, sources exclusively told The Post. Chr ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Planet Fitness (PLNT) , which belongs to the Zacks Leisure and Recreation Services industry, could be a great candidate to consider.This fitness center operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 8.70%.For the l ...

TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced today nearly three million high school students signed up for its annual High School Summer Pass program, logging more than 12 million workouts this summer between June 1 and August 31. During this time, Planet Fitness invited high schoolers between the ages of 14 – 19 to work out for free at any of its 2,600 ...

Core Viewpoint - Planet Fitness, Inc. (PLNT) has shown strong stock performance, gaining 14.4% over the past three months, significantly outperforming the Zacks Leisure and Recreation Services industry and broader market indices [1][2] Group 1: Financial Performance and Market Position - PLNT's stock is currently trading at $82.39, above its 50-day moving average of $77.50 and 200-day moving average of $69.42, indicating positive market perception [2] - The company has a forward 12-month price-to-earnings ratio of 30.24X, which is higher than the industry average of 16.22X, suggesting a premium valuation [9] - The Zacks Consensus Estimate for PLNT's 2024 earnings per share (EPS) has increased from $2.43 to $2.44 over the past 60 days, with a similar upward trend for 2025 EPS from $2.83 to $2.84 [10][11] Group 2: Business Model and Growth Strategies - Planet Fitness differentiates itself in the high-value, low-price (HVLP) sector by creating an inclusive member experience, supported by its "no gymtimidation" philosophy [3] - The company has implemented a $15 pricing structure for new classic card members, expected to contribute to a low to mid-single-digit increase in average unit volume (AUV) over the next year [4] - The asset-light franchise model generates substantial free cash flow, allowing for continued investment in growth initiatives and shareholder returns [6] Group 3: Expansion and Market Opportunities - Planet Fitness is expanding internationally, with its first European location opened in Barcelona, indicating potential for growth in high-density population areas [6] - The High School Summer Pass Program has attracted over 2.6 million teen participants, emphasizing the company's commitment to community and long-term membership growth [3] Group 4: Challenges and Risks - The company recently refinanced $600 million of debt, increasing its total debt to $800 million, which raised concerns about its ability to manage debt obligations amid economic downturns [7] - Equipment sales have seen a decline, with a year-over-year drop of 8.4% in the second quarter, which could impact overall performance if store openings do not meet expectations [8]

In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. September started on a rough note for the U.S. stock market, with certain economic readings showing signs of weakness. Ignoring the near-term noise, investors looking for stock picks can consider the recommendations of top Wall Street analysts. These experts conduct research and assess the ability of a company to navigate headwinds and deliver growth over the long term. Bearing that in mind, here are three stock ...

It has been about a month since the last earnings report for Planet Fitness (PLNT) . Shares have added about 4.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Planet Fitness due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Planet Fitness Q2 Earnings & Revenues ...

Peloton sets the bar really low for another industry stock attracting investor attention. Peloton Interactive (PTON 0.65%) seems to get all the attention these days, at least when it comes to the exercise industry. It thrived before and during the pandemic. But in the past couple of years, the business has been fighting for its survival. Its most recent financial update was cheered by investors, as maybe things will start to trend in the right direction. If you're considering buying this consumer discretion ...

Core Viewpoint - Baird has designated Planet Fitness Inc (NYSE:PLNT) as a "bullish fresh pick" and maintained an "overweight" rating, suggesting the company may perform well despite a cooler growth environment [1] Group 1: Stock Performance - Shares of Planet Fitness are currently trading at $81.75, marking a 0.8% increase [1] - The stock is at its highest level since May 2023 and has surpassed its 20-day moving average, breaking through the $79 resistance level that had limited its rally in July [2] - Over the past 12 months, shares have increased by more than 36% [2] Group 2: Short Interest and Market Sentiment - Short interest in Planet Fitness has decreased by 23.7% over the last two reporting periods, indicating that bearish sentiment is waning [3] - Despite this decline, 5.04 million shares sold short still represent 6% of the stock's available float, suggesting lingering pessimism in the market [3] Group 3: Options Market Activity - The 50-day put/call volume ratio for Planet Fitness is 5.11, which is higher than 93% of readings from the past year, indicating a higher-than-usual popularity of puts in the options market [4] - The Schaeffer's Volatility Index (SVI) for the stock is at 23%, placing it in the 1st percentile of annual readings, which reflects low volatility expectations among options traders [4]

Core Viewpoint - Planet Fitness, Inc. (PLNT) has experienced a significant stock price increase of 35.6% over the past year, outperforming the Zacks Leisure and Recreation Services industry's growth of 1.9%, primarily due to its new growth model, effective pricing strategies, and international expansion efforts [1]. Factors Supporting PLNT's Uptrend - **Strategic Growth Model**: In 2023, Planet Fitness developed a new growth model aimed at enhancing returns from new stores by reducing capital requirements and operating expenses. The company aims to lower new unit and remodeling costs by at least 10% by the end of 2024 [3][4]. - **Pricing Strategies**: The company has implemented effective pricing strategies to mitigate inflation impacts, including a price increase for its Classic Card membership from $10 to $15, effective summer 2024 for new members. This is expected to lead to low to mid-single-digit percentage increases in average unit volumes for existing stores and a greater impact for new stores [5][6]. - **International Expansion Efforts**: Planet Fitness is actively expanding internationally, with its first European club opened in Barcelona, Spain. The company plans to open 140-150 new stores in 2024, including both franchise and corporate locations, having already opened 43 new stores in the first half of 2024 [7][8]. Concerns - **Persisting Inflation**: The company faces challenges due to ongoing inflation, which affects shipping, labor, and equipment costs, potentially impacting profitability. The uncertainty surrounding the ability to offset these cost increases remains a concern [9]. - **Macroeconomic Risks**: The reliance on franchisees introduces risks, including potential damage to the brand from third-party actions and vulnerabilities related to intellectual property violations [10].