California Public Employees Retirement System Sells 36,992 Shares of Planet Fitness, Inc. $PLNT

California Public Employees Retirement System lowered its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 25.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 106,219 shares of the company’s stock after selling 36,992 shares during the quarter. California Public Employees Retirement System’s holdings in Planet Fitness were worth $7,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Entropy Technologies LP acquired a new stake in shares of Planet Fitness in the 4th quarter valued at about $2,744,000. Aberdeen Group plc bought a new stake in Planet Fitness in the 4th quarter valued at about $10,688,000. Burney Co. acquired a new position in Planet Fitness during the 4th quarter worth approximately $2,221,000. Nippon Life Global Investors Americas Inc. raised its stake in Planet Fitness by 510.2% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 32,400 shares of the company’s stock worth $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 in the fourth quarter worth approximately $2,611,000. Institutional investors own 95.53% of the company’s stock.

Key Planet Fitness News

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

Insider Buying and Selling

In related news, Director Frances G. Rathke acquired 5,000 shares of the stock in a transaction dated 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 completion of the purchase, the director directly owned 5,000 shares in the company, valued at $231,050. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

PLNT has been the subject of a number of research reports. KGI Securities cut Planet Fitness to a “neutral” rating and set a $50.50 price objective for the company. in a research note on Friday, May 8th. Robert W. Baird set a $80.00 price objective on Planet Fitness in a report on Friday, May 8th. William Blair lowered Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Roth Capital cut their target price on Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, TD Cowen reissued a “hold” rating on shares of Planet Fitness in a research report on Friday, May 29th. One 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 company. According to data from MarketBeat.com, Planet Fitness has an average rating of “Moderate Buy” and a consensus price target of $74.50.

Planet Fitness Price Performance

NYSE:PLNT opened at $53.42 on Friday. Planet Fitness, Inc. has a one year low of $37.03 and a one year high of $114.26. The company has a market cap of $4.24 billion, a PE ratio of 19.28, a PEG ratio of 1.16 and a beta of 1.04. The firm has a 50-day moving average of $52.14 and a 200-day moving average of $70.48.

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

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.