|Bid||0.00 x 800|
|Ask||72.77 x 800|
|Day's Range||59.70 - 60.76|
|52 Week Range||44.97 - 81.90|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||49.72|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.82|
HAMPTON, N.H., Oct. 22, 2019 /PRNewswire/ -- Planet Fitness, Inc. (PLNT) (the "Company"), today announced that the Company will report results for its third quarter ended September 30, 2019 after the market closes on Thursday, November 7, 2019. The Company will discuss its financial results on a conference call scheduled at 4:30 p.m. Eastern Time on Thursday, November 7, 2019. Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations.
Donations from Franchisees, Partners and Members Support Judgement Free Generation's Anti-Bullying, Pro-Kindness Efforts HAMPTON, N.H. , Oct. 21, 2019 /PRNewswire/ -- Planet Fitness , Inc., one of the ...
HAMPTON, N.H., Oct. 17, 2019 /PRNewswire/ -- Planet Fitness, Inc. (PLNT) one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. and home of the Judgement Free Zone®, has been recognized for excellence in customer service and growth. For the second consecutive year, Planet Fitness has been named to Newsweek's list of "America's Best Companies for Customer Service," ranking number 2 in the Fitness Centers Category.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
HAMPTON, N.H., Oct. 15, 2019 /PRNewswire/ -- As part of its continued commitment to prevent bullying and promote kindness among today's youth, and in honor of National Bullying Prevention Month, Planet Fitness, Inc. is teaming up with PACER's National Bullying Prevention Center, the nation's leading nonprofit bullying prevention organization, to launch Students with Solutions. As part of the nationwide contest, teachers of grades K-12 are encouraged to share the Students with Solutions video and guide about bullying with students, leading to a thought-provoking group discussion on the topic.
Trump administration's policy change on travel to Cuba, Hurricane Dorian, the recent increase in fuel prices due to geopolitical events are likely to impact the Carnival's (CCL) near-term results.
Bullish stock chart patterns will persist in the best growth stocks. They will keep offering big profit opportunities thanks to human emotions at play.
Vail Resorts (MTN) mergers and extensive marketing strategies bode well. However, high operating expenses and weather disruptions are pressing concerns.
HAMPTON, N.H., Sept. 30, 2019 /PRNewswire/ -- Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., is welcoming all ghouls and gals to join the Judgement Free Zone® for a scary-good deal. From Monday, September 30 through Friday, October 11, all new members can sign up for just $1 down, then $10 a month with no commitment at any of Planet Fitness' more than 1,800 clubs throughout the United States. "We encourage you to take advantage of this limited time offer to join Planet Fitness and come see what our spacious, clean, and comfortable environment is all about," said Jamie Medeiros, Vice President of Marketing at Planet Fitness.
Today we are going to look at Planet Fitness, Inc. (NYSE:PLNT) to see whether it might be an attractive investment...
By John Jannarone Peloton Interactive, Inc. expects its remarkably low monthly churn rates to remain subdued as it encourages active use and for marketing expenses to remain manageable as word-of-mouth recommendations lead to new memberships, according to Chief Financial Officer Jill Woodworth. “The number we are most focused on is member retention,” Ms. Woodworth told […]
Peloton Interactive, Inc. Has Monthly Subscriber Churn of Well Under 1% By John Jannarone Peloton Interactive, Inc. looks much fitter than many of this year’s IPOs. Does the fitness-media company have what it takes for the long haul after going public? 2019 has seen dozens of fast-growing companies go public, with the likes of Lyft, […]
Now that Adam Neumann has relinquished his role as CEO of WeWork parent We Co., investors and employees should expect to see costs being slashed and non-core projects abandoned - just as the likes of Lyft, Inc. and Uber Technologies, Inc. have witnessed. That's according to IPO Edge Editor-in-Chief John Jannarone, who spoke to Cheddar […]
It's easy to forget when looking at charts that what often drives extraordinary stock performance is something basic and hard to see on the charts: Innovation.
DEEP DIVE After a 10-year rally for large-cap stocks, a way to diversify your investments and reduce short-term risk is to increase exposure to mid-cap shares. We recently discussed the long-term outperformance ...
Leaving cap-weighting aside, mid-cap stocks are often overlooked, despite good performance characteristics. Amy Zhang, who manages the Alger Small Cap Focus Fund, (which has had an incredible performance run) launched the Alger Mid-Cap Focus Fund (AFOIX) in June. Crit Thomas, global market strategist at Touchstone Investments in Cincinnati, said in a phone interview that mid-cap stocks were “underrepresented” in investors’ portfolios as money continues to flow into large-cap index funds.
(Bloomberg Opinion) -- What do you get when you combine an earnest quest to get healthier with a vain desire to look fabulous on Instagram? A growing number of Americans spending an increasing amount of money at boutique fitness centers.But the boutique-fitness market — which includes not just old-standby yoga studios and CrossFit “boxes” but also newer exercise meccas such as SoulCycle, Pure Barre, Orangetheory Fitness and Club Pilates — may be getting irrational. It’s not just that the workouts are becoming comically niche, though they certainly are. (Would you prefer a so-called “prison-style” workout, or a hybrid of boxing and ballet? How about a studio designed around cold-temperature workouts?) It’s that the explosive growth of boutique fitness centers masks some harsh realities about their chances of long-term survival.The rise of small, specialized workout centers is not unlike the “unbundling” trend seen in television in the streaming era. Big-box gyms, like cable companies, offered a staid experience and frustrated consumers with long-term contracts that were notoriously hard to escape. Then insurgents in both industries offered more novel programming and more flexibility — and consumers showed up. But just as the streaming category now includes a seemingly unsustainable number of entrants, the boutique-fitness industry looks to be headed for a shakeout.The general backdrop for the fitness center industry is plenty favorable. Annual revenue grew 7.8% in 2018 to $32.3 billion, according to the International Health, Racquet & Sportsclub Association. Annual visits to U.S. fitness centers are up 42% since 2008, the trade group reports.At the same time, there is a limit to this market — especially for the smaller, boutique players. First, they can be astronomically expensive: SoulCycle is $32 for a single class in Washington; Barry’s Boot Camp is $34. According to IHRSA, the average monthly fee paid by a boutique studio user in 2017 was $92, compared to $52 for health club members overall.The unit economics of small workout studios also make it hard to see how prices will come down as the businesses scale. There are only so many hours in a day — no one wants to attend a barre session at midnight — and only so many exercise bikes that can fit in a studio. So there’s limited opportunity to make that real estate more productive. Sweetgreen can serve salads to far more Lululemon-clad millennials than Flywheel can easily accommodate.Plus, the competition is ramping up. In Washington, for example, researchers at real estate firm CBRE found that the number of fitness outposts in the city has increased more than fivefold since 2009 — in part, to be sure, a natural accommodation of the influx of young residents to the city. But studios, rather than traditional gyms, account for more than 4 out of 5 of the current lineup, highlighting the tug-of-war these concepts face in getting devoted customers.Markets such as Washington’s are getting more crowded just as Peloton Interactive Inc. and the Mirror are giving people trendy options for workouts at home. Peloton’s recent IPO filing showed it had 511,000 subscribers as of June 30. It’s safe to assume at least some of them defected from a cycling studio.New wellness trends threaten to encroach on the dollars that are going to the bumper crop of boutiques dedicated to burning calories. There are studios now for meditation, napping, stretching and recovery from workouts.It’s probably not a coincidence that the boutique-fitness craze has flourished during a long stretch of economic prosperity. If there’s a downturn, you can bet decadent workout packages will be one of the first things people ditch.And if there is a boutique-fitness shakeout, it won’t just be studio operators that feel the burn. Commercial landlords have been eager to sign these newcomers as tenants for shopping centers and mixed-use developments as traditional retail tenants disappear. If these exercise emporiums fail, properties could face yet another wave of vacancies.Of course, not every small-box fitness idea is doomed. Millennial cliché that I am, I’ve dabbled in barre and HIIT classes; I have a yearslong loyalty to a yoga studio and a cardio dance boutique. I prefer a class format to a solitary workout, and I like the idea of paying only for the classes that I take.But it’s costing me a small fortune, and getting wait-listed for a class at a peak time is a drag. In some ways it is — gasp — making me long for the simplicity and value of an all-in-one gym membership.Maybe I shouldn’t have been surprised, then, to learn that shares of no-frills gym Planet Fitness Inc. have surged nearly 300% since it went public in 2015, as it has delivered strong comparable sales growth and racked up millions more members.Planet Fitness’s success is a stark reminder that “boutique” workout studios are called that for a reason: They aren’t for everyone. As the market gets closer to saturation, established chains and upstarts may find there are things besides a hard workout that can bring on a serious sweat.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Michael Newman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") assigned first time ratings to Excel Fitness Holdings, Inc. ("Excel Fitness") including a Corporate Family Rating (CFR) at B3, a Probability of Default Rating at B3-PD and first lien bank credit facilities ratings at B3. At the same time, Excel Fitness is raising a $10 million five year revolving credit facility.
Millennials are one of the largest generations in history, and yet they continue to get a bad rap for either being fiscally irresponsible or for failing to keep certain industries alive as their parents did. However, according to CB Insights, Generation Y are expected to receive $30 trillion in wealth over the next couple of decades, and this transfer of wealth is going to transform many industries that will benefit from their increased spending power. While many tend to point to millennials' focus on experiences, it's also true that they like many of the same things that baby boomers and Gen X's before them do. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe companies that will win in the next 10-20 years are those that reprioritize around Generation Y. By embracing new technology to provide affordable products in a customized manner, companies can benefit from the spending habits of millennials. * 10 Battered Tech Stocks to Buy Now CB Insights has identified 12 industries that should benefit from Gen Y. Here are seven stocks to buy from seven of those industries identified as winners. Camping Stocks, Thor Industries (THO)Source: Shutterstock Millennials are driving the growth in camping, literally and figuratively. In 2018, almost 80 million Americans went camping, many of them millennials. "Last year, 56% of all new campers were millennials (up from 51% in 2017), and 41% of total reported campers were millennials," CB Insights report on millennials stated. "Part of millennials' enthusiasm for camping springs from the fact that many of them are entering their prime spending years and starting families of their own."Millennials are looking for relatively inexpensive forms of relaxation. Many are opting for recreational vehicles rather than good old fashioned camping in a tent. One company that continues to benefit from the millennials attraction to camping is Thor Industries (NYSE:THO), who manufactures trailers and motor coaches under many different brand names including Air Stream, the classic silver trailer that Americans know and love. In 2018, RV shipments were 483,672, the second-largest number since the Recreational Vehicle Industry Association's been tracking sales. Only 2017 was better. To meet the demand of younger campers, Airstream offers the Nest, a compact trailer that costs just $46,000 to buy, making the open road a more cost-effective alternative to buying a cabin or staying at a five-year hotel on every vacation. Stocks to Buy: Fitness Stocks, Lululemon (LULU)Source: Richard Frazier / Shutterstock.com You can call millennials a lot of things but don't call them lazy. According to CB Insights' report, 76% of millennials exercise at least once a week, more than Gen Xers at 70% and boomers at 64%. Millennials are dropping close to $7 billion each year on gym memberships, double what Gen Xers and boomers do. Naturally, you'd think I'd recommend a fitness club chain such as Planet Fitness (NYSE:PLNT), whose stock's done well since going public in 2015. However, the capital requirements of fitness facilities make them terrible investments when the economy sours. So, I'd rather bet on a company like Lululemon (NASDAQ:LULU), that's making sure millennials not only are dressed to perform while exercising, but they look good doing it. Lululemon reported Q2 2019 results September 5 that were off-the-charts good. "Exceptional" 2Q results further demonstrate that Lulu is the "premiere retailer in our (and likely any) coverage universe and is deserved of a premium valuation," wrote Susquehanna analyst Sam Poser. "Best-in-class" execution and customer engagement, including a new loyalty program which has so far only launched in four North American cities, and innovative product offerings should continue to drive "top-tier results." * 10 Healthcare Stocks to Buy Despite the Headlines With the company expecting double-digit earnings gains each year until at least 2023, the sky is the limit for LULU stock. Travel Stocks, Booking Holdings (BKNG)Source: Shutterstock While it can be stereotyping to say all millennials thrive on experiences rather than buying stuff, they do indeed like to travel. "An Airbnb study from 2016 showed that many millennials prioritize saving for their next trip over paying off debts or saving to purchase their first home," CB Insights report stated. "Another found that 21% of millennials would accept a lower salary if it meant they could travel more frequently." However, just because they want to travel, doesn't mean they want to do it in the same manner as their parents. Therefore, for travel companies to be successful, they've got to provide a combination of unique experiences, budget prices, and excellent customer service; three things that aren't easy to deliver.Booking Holdings (NASDAQ:BKNG), which used to be known as Priceline, increased its roster of available homes and apartments on its Booking.com website in 2018 by 47% to 1.75 million. At the same time, Booking.com's hotel portfolio increased by just 10% to 436,000. The push toward a pre-pay business model where alternative accommodations are paid for ahead of time as opposed to at the time of hotel stay, is in large part being driven by the millennials desire to stay somewhere more authentic or local.While it makes Booking's business a little trickier, it's the wave of the future, and much better for cash flow. Fast Casual Dining, Shake Shack (SHAK)Source: JHENG YAO / Shutterstock.com If you want to please millennials and you operate in the restaurant industry, you've got to be fast because Gen Y is always on the go. According to the CB Insights report, 40% of millennials eat on the go, significantly higher than either Gen Xers at 26% and boomers at 19%. Not only that, but millennials want a good deal with that tasty burger to go. One of the biggest trends in the restaurant industry at the moment is plant-based meat, also known as Meat 2.0. Shake Shack (NYSE:SHAK), whose stock is up 114% year to date through September 10, is one of the fast-casual dining establishments to jump on meatless burgers. It's sold the Shroom Burger for years, a fried portobello mushroom stuffed with cheese and served on a bun. That said, it still hasn't embraced the Beyond Meat (NASDAQ:BYND) movement as other concepts have. But it's working on it. "I think we're going to keep an eye on that, but the meat substitute is not as interesting to us right now," Shake Shack CMO Jay Livingston told Ad Age in August. "We're really interested in creating, like a veggie experience that people are super excited about. We're kind of figuring out what that might look like right now.Business is good at Shake Shack. * 10 Stocks to Sell in Market-Cursed September It is the 90th largest restaurant chain in the U.S. Its same-store sales rose 3.6% in the second quarter with overall revenues growing by 31% due to more store openings. It plans to open as many as 60 locations in 2019, which should help keep SHAK stock moving higher in 2020. Coffee Stocks, Starbucks (SBUX)Source: monticello / Shutterstock.com On the one hand, the fact that millennials love coffee is excellent news for Starbucks (Nasdaq:SBUX), whose U.S. stores had seen several quarters of slower than average same-store sales growth before breaking out in the third quarter with a 7% increase in U.S. comps. On the other hand, millennials are predisposed to try boutique coffee roasters, which Starbucks is not. To make matters worse, Starbucks released revised 2020 guidance September 4, that suggests its earnings growth next year won't meet its "ongoing growth model of 10%."However, much of the slowdown has to do with one-time tax benefits in 2019. The company itself continues to do just fine. "I would say that we're firing on all cylinders from an operating performance perspective with the focus and discipline necessary to drive growth at scale for a company like Starbucks and our long-term double-digit EPS growth model is fully intact," CFO Pat Grismer stated recently while speaking at the Goldman Sachs' Global Retailing Conference. Furthermore, as a result of its stock generating a year to date total return of 42% through September 10, Starbucks has made $2 billion in share repurchases this fiscal year instead of next year so that it can deliver on its promise of share repurchases delivering 2% EPS growth in 2019. While SBUX stock might get knocked around from time to time, it's operationally one of the best companies in America. Oh, and millennials love their cold drinks. Frozen Foods, Kellogg (K)Source: DenisMArt / Shutterstock.com The global frozen food market is projected to grow to $290 billion by 2021. Two stats suggest that millennials are driving a frozen food renaissance: First, millennials spent 9% more on frozen foods per trip to the grocery store in 2017 than other demographics. Furthermore, frozen food sales in the U.S. in 2018 grew for the first time in five years, thanks in large part to millennials. Frozen foods meet the millennials desire to eat healthy, fast, and relatively inexpensively. One company that's benefiting from the resurgence in both frozen foods and plant-based meats is Kellogg (NYSE:K), the company better known for Special K and Frosted Flakes. However, between its Eggo and Morningstar Farms brands, Kellogg's managed to increase frozen sales by 3.2% in the second quarter ended June 29, only 50 basis points less than its snacks division, which counts Pringles and Pop-Tarts amongst its brands. On September 4, the company introduced Incogmeato by MorningStar brands, a portfolio of products that are both ready-to-cook and frozen including a plant-based burger and Chik'n tenders and nuggets. "We know that about three-fourths of Americans are open to plant-based eating, yet only 1 in 4 actually purchase a plant-based alternative," said Sara Young, General Manager, MorningStar Farms, Plant-Based Proteins. "We know the number one barrier to trying plant-based protein is taste. These consumers are still seeking the amazing taste, texture, and sizzling qualities of meat but want a better alternative for themselves and the planet." * Take Buffett's Advice: 5 Vanguard Funds to Buy They're expected to be available early in 2020. Personal Finance Stocks, Intuit (INTU)Source: dennizn / Shutterstock.com Millennials have the highest student loan debt of any previous generation. Combine this with the fact the cost of living is rising faster than it has in the past decade, and it's no wonder millennials are willing to try personal finance apps that help them save money that they can use to pay down debt."One of the most popular verticals for personal finance tech is banking. In one survey, 71% of millennials said that they would rather go to the dentist than listen to what a bank has to tell them -- a sentiment driven largely by poor customer service and poor technological integration," stated the CB Insights report on millennials.However, rather than recommend a bank that uses technology, I'm going to suggest Intuit (NASDAQ:INTU), the granddaddy of fintech companies. Most investors are probably familiar with Intuit's main products: QuickBooks and TurboTax. The former focused on small businesses and the latter on taxpayers of all sizes. In fiscal 2019, it generated $2.2 billion in free cash flow from $6.8 billion in revenue. I love companies that grow their free cash flow each year by double digits. Intuit does this by investing in R&D. In fiscal 2019, it spent $1.2 billion on new products and innovation, approximately 18% of its annual revenue. It plans to spend most of this money improving its existing products. One free Intuit product that millennials use quite frequently is Mint, and while other apps get higher ratings, the fact that a $69 billion company develops it ought to be comforting to most.Long term you can't go wrong with INTU.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 7 Stocks to Buy Benefiting From Millennial Money appeared first on InvestorPlace.
On CNBC's "Mad Money Lightning Round," Jim Cramer said we're nearing a bottom in Planet Fitness Inc (NYSE: PLNT ). He would be careful and buy it slowly. Paysign Inc (NASDAQ: PAYS ) is a nice ...
In the past three years, PLNT bulked up from $20 to $80 and now a major correction to the $50 area -- a 50% correction -- would not be a surprise.