PLNT - Gym trends said to be improving for Planet Fitness

Planet Fitness ([[PLNT]] -0.9%) is on watch after Baird names it a positive fresh pickThe firm says gym usage has improved as more segments of the U.S. population adjust to the COVID reality and go back to activities like indoor dining, attending movies and working out at gyms. "PLNT has underperformed the market and highly franchised restaurant peers year-to-date amid a tough operating environment for gyms. Encouragingly, our industry checks and other traffic/search indicators are pointing to improving gym usage – potentially a key forward-looking indicator for memberships – during the most recent weeks." Shares of PLNT are down 16% since February 1.

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Gym trends said to be improving for Planet Fitness