PLNT
Planet Fitness, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - PLNT
Article Summary
SELL- Planet Fitness, Inc. (NYSE: PLNT) is being sued for alleged violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the U.S.
- Securities and Exchange Commission.
- The lawsuit alleges that Planet Fitness made false and misleading statements to the market, including overstating membership growth and failing to effectively roll out its Black Card price increase.
- Shareholders who purchased shares during the class period listed are encouraged to contact DJS Law Group regarding possible lead plaintiff appointments, as appointment as lead plaintiff is not required to partake in any recovery.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 14.4% | 25% | 50.0 ptsMeets Minimum (14.4%) - Passes screener |
| EPS Growth Next 5Y ? | 10.3% | 25% | 35.0 ptsBelow Screener (10.3%) - Modest outlook |
| Target Price Upside ? | 29.5% | 20% | 75.0 ptsSignificant Upside (29.5%) - Target: $67.82 vs Current: $52.36 |
| Gross Margin % ? | 39.8% | 15% | 60.0 ptsSolid (39.8%) - Decent margins |
| Drawdown from 52-Wk High ? | -54.3% | 15% | 100.0 ptsDeep Discount (-54.3%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PLNT
- Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand.
- The company operates through three segments: Franchise, Corporate-Owned Clubs, and Equipment.
- The Franchise segment includes operations related to the franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia.
- The Corporate-owned clubs segment includes operations with corporate-owned clubs in the United States, Canada, and Spain.
- The Equipment segment includes the sale of equipment to franchisee-owned clubs; and the sale of fitness equipment to franchisee-owned clubs in the United States, Canada, and Mexico.
- Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.