PLNT ShortCompleted H&S pattern for sure with the drops for the last two days. We're up nearly 100% on puts. Expecting a small retest of about $50 before continued momentum down. Indicators showing that there is still room down.Shortby Ahn_Options_Trading6
PLNT moving down finallyGyms are going to suffer for a while even if they start to officially start reopening. On chart, an H&S type pattern showing for the last few weeks seems to be completing. Suggested move to downside on oscillators: Sell/Buy, A/D, MACD, RSI. Our timing was off, but we're green now. Position is in June 19 $50PShortby Ahn_Options_Trading2
PLNTSeems like a pretty clear breakdown and retest of this channel it's been in since the end of 2018. Will look to get short on a break of today's low.Shortby Essendy3
PLNT shorthonestly better test-case than $T due to PLNT's earnings coming out today at 4:30pm. I called a lucky rally, didnt expect for it to pump up way past $55, but it did. Especially since their franchisees are getting absolutely fuckt during this CV lockdown. 5% royalties to corp might be good, IF they actually turn some kind of profit, but given a 5:1 debt to operating income if this doesnt start their future demise idk shit. Shortby rydozer4
Planet Fitness is up almost 100% since April 1?!Planet Fitness doesn't seem to have a great reputation as far as gyms go. It's basically like the cheapest option out there from what I've heard. Still, it's enjoyed quite the run up from its price of $35 at the start of April. You probably have noticed a pattern in the TAs that are posted here. Accumulation/distribution on this has remained FLAT despite the huge run up since the beginning of April. To me, this is an indication of an underlying weakness in the stock. However, I would like to see a little more downward momentum before shorting this with serious money. However, a few small positions here and there don't seem like a bad idea. IV is relatively low and short-term May 15 puts aren't too pricey. However, I may wait a little longer to see how it plays out before buying a large position as I am not sure what it will do up to earnings.Shortby Ahn_Options_Trading3
PLNT ShortLooks like we're gearing up for a good short opportunity in perhaps just a few days.Shortby Cuando3
$TWLO trade setupAlert set for break above $58.30 Possible long trade to golden pocket by RedHotStocks17
PLNT Bearish Ascending TriangleTA and FA aligning, i feel strongly about this one...Shortby seanmcgaff5
PLNT - Stochastic has your back when other oscillators don't.I placed a swing trade today based on a hunch that my gym is going to suffer membership decline on a scale which has yet to be priced in. When RSI, ADX, MACD, and my other favorite oscillators failed to confirm my bias on the daily chart after the fact, good old Stochastic came through with a clean overbought crossover sell signal. It also happens that the 50-day SMA is lingering close above, approaching quickly, and we are at some pretty stiff resistance going back as far as Sept 2018. My short entry was $56.33, will get out on a close above resistance.Shortby Skipper86Updated 6
PLNT Fibonacci RetracementBrief Analysis on PLNT. Assuming it had already reached a SIGNIFICANT LOW, the 23.6% resistance line at $38.92 looks to be the next stop. If it breaks through that first resistance, it is headed to the high forties, however, if it fails to break the resistance assume a fallback to the high/mid 20's.by aschodrof32444
PLNTBounce time for Planet Fitness? Lot of volume down here. RSI oversold. We'll see if the trend holds.by EssendyUpdated 112
Planet Fitness Breakout pre Earnings Possible entry level $83.40 Target price $97.54 Stop loss $79.95 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. Longby Bullishcharts1157
Bullish ChannelCurrently trading in a bullish channel with trendline and 20sma support. Can make a run at ATH as long as channel support holds. by Option_TradersUpdated 9
PLANET FITNESS 1D RANGE TRADESRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.by Tradingstrategyguides4
Planet Fitness ATH on the wayGolden cross just completes. MACD reversing very bullish while macd has just crossed above zero line. RSI room to run higher. Momentum and market sentiment strong.Longby RedHotStocks26
Planet Fitness, Inc. Announces Accelerated Share Repurchase ProgPLNT: Planet Fitness, Inc. 2019-12-04 17:35:00 Planet Fitness, Inc. Announces Accelerated Share Repurchase ProgramLongby JetEquities4
$PLNT Get into Planet fitness, Blowout earnings and raised guidance , whats not to love. System-Wide Same Store Sales Increased 7.9% 41 New Planet Fitness Stores Opened Raises Full Year Outlook HAMPTON, N.H., Nov. 7, 2019 /PRNewswire/ -- Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2019. Third Quarter Fiscal 2019 Highlights Total revenue increased from the prior year period by 22.1% to $166.8 million. System-wide same store sales increased 7.9%. Net income attributable to Planet Fitness, Inc. was $25.8 million, or $0.31 per diluted share, compared to net income attributable to Planet Fitness, Inc. of $17.5 million, or $0.20 per diluted share in the prior year period. Net income increased 45.0% to $29.7 million, compared to net income of $20.5 million in the prior year period. Adjusted net income(1) increased 19.5% to $33.1 million, or $0.36 per diluted share, compared to $27.7 million, or $0.28 per diluted share in the prior year period. Adjusted EBITDA(1) increased 22.2% to $65.7 million from $53.8 million in the prior year period. 41 new Planet Fitness stores were opened during the period, bringing system-wide total stores to 1,899 as of September 30, 2019. (1) Adjusted net income and Adjusted EBITDA are non-GAAP measures. For reconciliations of Adjusted EBITDA and Adjusted net income to U.S. GAAP ("GAAP") net income see "Non-GAAP Financial Measures" accompanying this press release. "We delivered another quarter of very solid results," stated Chris Rondeau, Chief Executive Officer. "High-single digit system-wide same store sales, combined with accelerated new store openings and our franchisees' continued commitment to re-equip their existing clubs with new equipment, fueled a 22% increase in total revenue. The third quarter was also highlighted by our highest-attended franchisee conference to date with over 1,500 attendees from across the system coming together to share ideas on how to strengthen the Planet Fitness brand, enhance the member experience and drive new member sign ups. Based on several factors including our experienced franchisees and their ability to execute, the significant amount of projected store expansion still ahead, and our increasing marketing spend, I am confident that the business is well positioned to drive continued growth and increased profitability." Operating Results for the Third Quarter Ended September 30, 2019 For the third quarter 2019, total revenue increased $30.2 million or 22.1% to $166.8 million from $136.7 million in the prior year period which included system-wide same store sales growth of 7.9%. By segment: Franchise segment revenue increased $11.9 million or 21.7% to $66.7 million from $54.8 million in the prior year period, driven primarily by higher royalty revenue as a result of new stores opened since July 1, 2018, an 8.1% increase in same store sales, and a higher average royalty rate; Corporate-owned stores segment revenue increased $5.3 million or 15.1% to $40.7 million from $35.4 million in the prior year period, $2.7 million of which is from corporate-owned stores opened or acquired since July 1, 2018, and another $1.4 million of which is from corporate-owned same store sales growth of 4.9%, and higher annual fee revenue of $1.1 million; and Equipment segment revenue increased $12.9 million or 27.9% to $59.4 million from $46.4 million in the prior year period, driven by an increase in replacement equipment sales to existing franchisee-owned stores. For the third quarter of 2019, net income attributable to Planet Fitness, Inc. was $25.8 million, or $0.31 per diluted share, compared to net income attributable to Planet Fitness, Inc. of $17.5 million, or $0.20 per diluted share in the prior year period. Net income was $29.7 million in the third quarter of 2019 compared to $20.5 million in the prior year period. Adjusted net income increased 19.5% to $33.1 million, or $0.36 per diluted share, from $27.7 million, or $0.28 per diluted share in the prior year period. Adjusted net income has been adjusted to reflect a normalized federal income tax rate of 26.6% for the current year period and 26.3% for the comparable prior year period and excludes certain non-cash and other items that we do not consider in the evaluation of ongoing operational performance (see "Non-GAAP Financial Measures"). Adjusted EBITDA, which is defined as net income before interest, taxes, depreciation and amortization, adjusted for the impact of certain non-cash and other items that we do not consider in the evaluation of ongoing operational performance (see "Non-GAAP Financial Measures"), increased 22.2% to $65.7 million from $53.8 million in the prior year period. Segment EBITDA represents our Total Segment EBITDA broken down by the Company's reportable segments. Total Segment EBITDA is equal to EBITDA, which is defined as net income before interest, taxes, depreciation and amortization (see "Non-GAAP Financial Measures"). Franchise segment EBITDA increased $7.3 million or 19.6% to $44.3 million driven by royalties from franchised stores opened since July 1, 2018, a higher average royalty rate and higher same store sales of 8.1%; Corporate-owned stores segment EBITDA increased $1.5 million or 9.9% to $16.8 million driven primarily by an increase in corporate-owned same store sales of 4.9%, higher annual fee revenue and from additional clubs opened or acquired since July 1, 2018; and Equipment segment EBITDA increased by $4.1 million or 42.3% to $13.7 million driven by an increase in replacement equipment sales to existing franchisee-owned stores. 2019 Outlook For the year ending December 31, 2019, the Company now expects: Total revenue to increase approximately 19% as compared to the year ended December 31, 2018, up from prior guidance of approximately 18%; Total new store equipment sales in the high end of the range of 250 to 260; System-wide same store sales of approximately 8.6%, up from prior guidance of approximately 8%; Adjusted net income to increase approximately 21% as compared to the year ended December 31, 2018, up from prior guidance of approximately 20%; and Adjusted net income per diluted share to increase approximately 28% to $1.56 as compared to the year ended December 31, 2018, up from prior guidance of approximately 26%.Longby RedHotStocks1121
$PLNT Planet Fitness, value for members and InvestorsExtremely low subscription costs for members result in the no frills fitness facilities continuing to have high demand. Locations tend to be in high population density areas, close to work, retail and residential facilities. The subscription service is so low that even those that fail to make use of the facility tend to forget about cancelling. Sold off in sympathy with stocks such as NASDAQ:PTON . Stock remains 25% off recent highs, selling overdone. Average analysts recommendation $81 | Overweight P/E 50.43 Company profile Founded in 1992 in Dover, N.H., Planet Fitness (NYSE: PLNT) is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 1,000 locations in 47 states, the District of Columbia, Puerto Rico, Canada, and the Dominican Republic, Planet Fitness' mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women.Longby Bullishcharts23