Planet fitness declared that its board of directors has initiated a stock repurchase program on friday february 23rd 2018 which permits the company to repurchase 8000000000 in outstanding shares according to eventvestor. The company reports that it has 1859 clubs making it one of the largest fitness club franchises by number of members and locations.
Why Planet Fitness Stock Fell 18 In September The Motley Fool
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Planet fitness pfip llc is an american franchisor and operator of fitness centers based in hampton new hampshire.
How much is planet fitness stock. Rose 20 in premarket trading monday after imperial capital analyst george kelly turned bullish on the fitness center company citing valuation following the recent price weakness coupled with. Planet fitness is getting attention for its great revenueearnings growth. And home of the judgement free zone has been recognized for excellence in customer service and growth.
With nearly 700 million in debt and promised stock repurchases i worry about the risk. Class a common stock trades on the new york stock exchange under the symbol plnt our company fitness for everyone we are one of the largest and fastest growing franchisors and operators of fitness centers in the united states by number of members and locations with a highly recognized national brand. Since the first day i walked into planet fitness and started doing a workout program ive lost 50lbs and have dropped several clothes sizes.
Shares broke out in late september but quickly pulled back aided by the stock market correction. People arent paying much attention to the balance sheet. Planet fitness recognized for customer service and growth.
At a premium of about 85 to the overall market id say that shares of planet fitness are quite optimistically priced. The day i walked into planet fitness i weighed 315 pounds. Planet fitness stock gains after imperial capital turns bullish for the first time in 21 months shares of planet fitness inc.
Planet fitness stock is. If the optimistic future embedded in price actually unfolds theres little reason to believe theres much upside as the company will have simply managed to execute on what the market already expects. Facebook opens in new window twitter opens in new window instagram opens in new window youtube opens in new window.
Its extremely impressive what planet fitness plnt has done in the gym. Joining planet fitness may have saved my life. Plnt one of the largest and fastest growing franchisors and operators of fitness centers in the us.
I was diagnosed with type 2 diabetes and i wanted to do something about it. Planet fitness stock rose 64 to 5051 in after hours trading signaling a move back above its 50 day line. Shares closed up 08 to 4748 on the stock market today.
Planet fitness stock has risen 37 in 2018. 17 2019 prnewswire planet fitness inc.
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