PLNT News and Press, Planet Fitness Inc. From 12/14/20

BMO Capital Markets says recent meetings it held with top Planet Fitness (PLNT) management were positive, with constructive comments heard regarding membership, exciting opportunities in digital and royalty rate trajectory. "These were slightly offset by ongoing near-term pandemic uncertainty...

The exercise industry is on watch after Apple (AAPL) announces details on its Fitness+ subscription service built around Apple Watch, which launches on December 14. The service will cost $9.99 per month or $79.99 per year. "We're excited for Apple Fitness+ to bring together the metrics from A...

The market had an incredible run so far this year causing some stocks to trade at lofty valuations. As a result, investors need to be cautious about stocks such as Sunrun (RUN), Planet Fitness (PLNT) and Freshpet (FRPT) in the near term as they could decline by a significant margin if the mar...

Net Lease REITs, which were punished during the worst of the economic lockdowns, have rebounded over the last several months as shutdown-sensitive tenants reopen their doors and rent collection normalizes. Despite their heavy retail exposure, more net lease REITs have raised their div...

The November market rally has driven up the prices of Planet Fitness (PLNT), Sunrun (RUN) and CyberArk Software (CYBR), as investors anticipate a solid growth in demand with positive vaccine news and progressing fiscal stimulus talks. However, with a poor earnings history and unfavorable anal...

Dan Loeb's 13F portfolio value increased from ~$7.30B to ~$10B this quarter. The number of positions increased from 36 to 47. Third Point added PG&E while dropping Baxter International and Raytheon Technologies during the quarter. The top three positions are at ~22% of the por...

Planet Fitness' Q3 earnings show financial performance continues to be negatively impacted by COVID-19. COVID-19 is not going away anytime soon, despite vaccine developments. Planet Fitness' large debt load poses significant financial risk.  The clock is ticking. For fu...

We called a bottom in Planet Fitness back in March 2020. The stock has since moved up more than 50%. A higher gym membership is expected into 2021 with conversion of online free content consumers being a priority. PLNT's national marketing strategy will be a success in driving acq...

Gyms have been one of the business models hurt most by the pandemic. Lockdowns had forced most gyms to shut down, and some simply never reopened. For gyms open today, strict capacity restrictions provide yet another temporary headwind for success. Considering all of this, it's no wonder...

If you peek inside a Planet Fitness (NYSE: PLNT) gym location these days, things look busy. Granted, it might not be as busy as it once was, but members are nonetheless exercising despite the ongoing COVID-19 pandemic. Management says that its usage rates (how many people are actual...