Major benefactors of they lazy consumer who can't even be bothered cancelling their unused subscription/membership, very much like Netflix even if you don't watch it, it is so cheap that best just keep it. High membership and low usage is a great problem to have as staffing levels and operating costs are greatly reduced. Earnings approach next week and the chart is setting up in a bullish manner with ascending triangle developing.
AVERAGE ANALYSTS PRICE TARGET $80
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO 77
SHORT INTEREST 6%
COMPANY PROFILE
Planet Fitness, Inc. engages in the operation and franchise of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic, and Panama. The Corporate-Owned Stores segment deals with the operations with respect to all corporate-owned stores throughout the U.S. and Canada. The Equipment segment sells equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Newington, NH.
AVERAGE ANALYSTS PRICE TARGET $80
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO 77
SHORT INTEREST 6%
COMPANY PROFILE
Planet Fitness, Inc. engages in the operation and franchise of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic, and Panama. The Corporate-Owned Stores segment deals with the operations with respect to all corporate-owned stores throughout the U.S. and Canada. The Equipment segment sells equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Newington, NH.