Owlhouse Capital LP Trims Stock Position in Planet Fitness, Inc. $PLNT

Owlhouse Capital LP lessened its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 68.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 24,300 shares of the company’s stock after selling 52,400 shares during the period. Planet Fitness accounts for about 2.4% of Owlhouse Capital LP’s investment portfolio, making the stock its 17th biggest holding. Owlhouse Capital LP’s holdings in Planet Fitness were worth $1,807,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of PLNT. V Square Quantitative Management LLC purchased a new position in Planet Fitness during the 4th quarter worth $27,000. Clearstead Advisors LLC lifted its holdings in shares of Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after buying an additional 193 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Planet Fitness during the 4th quarter worth $41,000. Finally, Danske Bank A S purchased a new position in shares of Planet Fitness during the third quarter valued at $52,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness News Roundup

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: Zacks said Planet Fitness has an impressive earnings surprise history and may be positioned to beat estimates again in its next quarterly report.
• Neutral Sentiment: Planet Fitness announced it will report second-quarter 2026 results on August 6, 2026, which could provide a clearer read on business momentum and investor sentiment.
• Negative Sentiment: Multiple law firms announced or reminded investors about a securities class action against Planet Fitness, with a September 14, 2026 lead-plaintiff deadline, increasing legal overhang and scrutiny on prior disclosures. Article Title

Planet Fitness Trading Down 0.1%

NYSE:PLNT opened at $53.42 on Monday. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.26. The company has a market cap of $4.24 billion, a PE ratio of 19.28, a P/E/G ratio of 1.16 and a beta of 1.04. The company’s 50 day moving average is $52.14 and its two-hundred day moving average is $70.24.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The business had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $298.60 million. During the same quarter last year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, analysts expect that Planet Fitness, Inc. will post 3.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PLNT shares. Zacks Research upgraded shares of Planet Fitness from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Royal Bank Of Canada dropped their price objective on shares of Planet Fitness from $85.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Roth Capital cut their price objective on shares of Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Wells Fargo & Company reissued an “overweight” rating on shares of Planet Fitness in a research note on Monday, July 20th. Finally, Jefferies Financial Group set a $133.00 target price on Planet Fitness in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Planet Fitness presently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Insider Activity

In other news, Director Frances G. Rathke bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $46.21 per share, with a total value of $231,050.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $231,050. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is currently owned by insiders.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.