California State Teachers Retirement System Buys 15,954 Shares of Planet Fitness, Inc. $PLNT

California State Teachers Retirement System raised its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 20.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 95,085 shares of the company’s stock after purchasing an additional 15,954 shares during the quarter. California State Teachers Retirement System’s holdings in Planet Fitness were worth $7,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Entropy Technologies LP acquired a new stake in shares of Planet Fitness during the 4th quarter worth approximately $2,744,000. Aberdeen Group plc acquired a new position in Planet Fitness in the 4th quarter worth about $10,688,000. Burney Co. bought a new stake in Planet Fitness during the 4th quarter worth approximately $2,221,000. Nippon Life Global Investors Americas Inc. grew its position in shares of Planet Fitness by 510.2% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 32,400 shares of the company’s stock valued at $3,514,000 after buying an additional 27,090 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in Planet Fitness during the 4th quarter valued at approximately $2,611,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Stock Up 1.2%

Shares of NYSE:PLNT opened at $56.63 on Thursday. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month high of $114.26. The stock’s 50 day moving average is $52.78 and its 200-day moving average is $67.60. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.22 and a beta of 1.03.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The firm had revenue of $337.24 million for the quarter, compared to analyst estimates of $298.60 million. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. Equities research analysts anticipate that Planet Fitness, Inc. will post 3.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald set a $62.00 target price on shares of Planet Fitness in a report on Thursday, July 9th. Zacks Research raised Planet Fitness from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Jefferies Financial Group set a $133.00 target price on Planet Fitness in a research report on Thursday, May 7th. Guggenheim lowered their target price on Planet Fitness from $126.00 to $95.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, KGI Securities cut Planet Fitness to a “neutral” rating and set a $50.50 price target on the stock. in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Planet Fitness presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Key Stories Impacting Planet Fitness

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

• Positive Sentiment: Investors are positioning ahead of Planet Fitness’s second-quarter earnings release. Analysts expect results to reflect benefits from membership pricing, equipment sales and continued strength in the Black Card program. The company’s latest reported quarter exceeded consensus expectations, with revenue up 21.9% year over year and earnings of $0.74 per share versus the $0.63 estimate. Planet Fitness to Post Q2 Earnings: What’s in the Cards for the Stock?
• Neutral Sentiment: Pre-earnings coverage highlights a mixed setup: higher membership prices and Black Card performance could support revenue, while softer new-member joins and increased attrition may pressure growth. Analysts’ broader views on consumer-cyclical companies also provide context ahead of the report, but no specific material estimate change for PLNT was disclosed. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Multiple law firms publicized a securities class action against Planet Fitness and its executives, alleging misleading statements about membership growth, marketing strategy, pricing initiatives and the long-term outlook. The allegations center on slower member growth, reduced 2026 guidance, withdrawal of the company’s three-year growth algorithm and the pause of its Black Card price rollout. The lead-plaintiff deadline is September 14, 2026. These announcements increase legal and reputational risk, although the allegations have not been proven. PLNT Securities Class Action Deadline Alert

Insider Transactions at Planet Fitness

In related news, Director Frances G. Rathke acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $46.21 per share, with a total value of $231,050.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $231,050. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

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.