California Public Employees Retirement System Sells Shares of Planet Fitness,
May 20, 2023
Trending News ☀️
The California Public Employees Retirement System (CalPERS) recently sold their shares of Planet Fitness ($NYSE:PLNT), Inc. to Defense World, a private equity firm. Planet Fitness is a leading franchisor and operator of health clubs in the United States. In addition to their traditional clubs, Planet Fitness offers several types of membership plans to accommodate a wide variety of fitness needs.
Additionally, members can upgrade to the Black Card tier for an extra fee in order to gain access to other perks such as massage chairs and tanning services. Planet Fitness continues to be a leader in the fitness industry, offering unbeatable prices and a wide variety of amenities for all different types of fitness needs. With the sale of its shares to Defense World, Planet Fitness is expected to continue to grow and expand its reach in the coming years.
Price History
This news leaves PLANET FITNESS in the hands of the public investors, who will now be able to benefit from the company’s future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Planet Fitness. More…
| Total Revenues | Net Income | Net Margin |
| 972.32 | 105.64 | 10.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Planet Fitness. More…
| Operations | Investing | Financing |
| 280.11 | -79.86 | -213.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Planet Fitness. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.91k | 3.06k | -1.77 |
Key Ratios Snapshot
Some of the financial key ratios for Planet Fitness are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | 2.9% | 26.1% |
| FCF Margin | ROE | ROA |
| -25.1% | -90.4% | 5.4% |
Analysis
At GoodWhale, we recently conducted an analysis of PLANET FITNESS‘s fundamentals. After careful review, we determined that PLANET FITNESS is a medium risk investment in terms of financial and business aspects. GoodWhale identified two risk warnings in the income sheet and cashflow statement that should be noted for potential investors. These items may affect the overall performance of PLANET FITNESS and its financial position. For more information on these risks, and to learn more about PLANET FITNESS’s fundamentals, please register with us. Our team of analysts is available to assist in understanding the potential risk associated with this investment. More…
Peers
Planet Fitness Inc is in competition with Destination Maternity Corp, Tractor Supply Co, and Accel Entertainment Inc. Each company is vying for a share of the market and the customer base. Each company has its own strengths and weaknesses, and each is trying to get an edge over the others.
– Destination Maternity Corp ($OTCPK:DESTQ)
Destination Maternity Corporation is a publicly traded retailer of maternity apparel in the United States. The Company operates through two segments: Motherhood Maternity(R) and A Pea in the Pod(R). As of October 28, 2017, the Company operated 1,948 retail locations, of which 1,060 were Motherhood Maternity stores, 514 were Destination Maternity stores, 274 were A Pea in the Pod stores and 100 were leased departments located within department stores and baby specialty stores. The Company’s retail locations are located in the United States, Puerto Rico, Canada and the United Kingdom. The Company offers a variety of apparel, including casual wear, work-out wear, sleepwear, lingerie and accessories. The Company also offers a line of nursing apparel and a line of children’s clothing.
– Tractor Supply Co ($NASDAQ:TSCO)
Tractor Supply Company is an American retail chain of stores that offer products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. It operates more than 2,000 stores in the United States.
Tractor Supply’s market cap is $23.79 billion as of 2022. The company’s return on equity is 45.88%. Tractor Supply is a leading retailer in the United States, offering products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. The company operates more than 2,000 stores across the country.
– Accel Entertainment Inc ($NYSE:ACEL)
Accel Entertainment Inc is a gaming technology company that provides gaming devices, systems and services for the gaming industry. The company has a market capitalization of $842.69 million and a return on equity of 32.45%. Accel Entertainment Inc provides gaming devices, systems and services for the gaming industry. The company offers gaming devices, systems and services for the gaming industry.
Summary
Investing analysis in Planet Fitness, Inc. (PLNT) is positive as of late. California Public Employees Retirement System (CalPERS) recently sold off a large portion of their shares in PLNT, indicating an overall bullish outlook on the company. Analysts are noting strong revenue and balance sheet growth as well as other operational metrics that suggest a healthy and growing business. With current market conditions and the company’s strong performance, there is potential for further growth in both the short and long term.
Related Posts
Recent Posts
