Planet Fitness, Inc. $PLNT Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 732,411 shares of the company’s stock after acquiring an additional 13,089 shares during the period. Bank of New York Mellon Corp’s holdings in Planet Fitness were worth $54,477,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Entropy Technologies LP acquired a new position in shares of Planet Fitness during the fourth quarter worth approximately $2,744,000. Aberdeen Group plc bought a new position in shares of Planet Fitness during the 4th quarter worth about $10,688,000. Burney Co. acquired a new position in shares of Planet Fitness during the fourth quarter valued at about $2,221,000. Nippon Life Global Investors Americas Inc. lifted its stake in shares of Planet Fitness by 510.2% in the fourth 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 period. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in Planet Fitness during the fourth quarter valued at about $2,611,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Price Performance

PLNT stock opened at $54.31 on Friday. The business has a fifty day moving average price of $52.12 and a 200 day moving average price of $70.60. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.26. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.18 and a beta of 1.04.

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

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 shares were purchased at an average price of $46.21 per share, with a total value of $231,050.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $231,050. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PLNT shares. TD Cowen restated a “hold” rating on shares of Planet Fitness in a research note on Friday, May 29th. Morgan Stanley lowered shares of Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 target price on the stock. in a research report on Friday, May 8th. Stifel Nicolaus lowered their target price on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Weiss Ratings lowered Planet Fitness from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Finally, William Blair cut Planet Fitness from an “outperform” rating to a “market perform” rating in a report on Thursday, May 7th. One investment 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 stock. According to data from MarketBeat, Planet Fitness currently has an average rating of “Moderate Buy” and an average target price of $74.50.

Trending Headlines about Planet Fitness

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

• Positive Sentiment: Planet Fitness said it will report second-quarter 2026 results on August 6, 2026, which could provide a clearer look at membership trends, pricing, and guidance execution. Article Title
• Neutral Sentiment: Several law firms issued investor reminders and deadline notices about the existing securities class action, increasing attention on the case but adding no new operating facts. Article Title
• Neutral Sentiment: Other firms, including Bernstein Liebhard, Pomerantz, Rosen, Faruqi & Faruqi, Wolf Haldenstein, and others, also published similar notices about the same lawsuit and deadline. Article Title
• Negative Sentiment: The class action alleges Planet Fitness overstated marketing effectiveness and failed to adequately disclose problems that hurt sign-ups and guidance, which is a negative catalyst for sentiment and could keep pressure on the shares. Article Title

Planet Fitness 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.