Bessemer Group Inc. Has $22.55 Million Holdings in Planet Fitness, Inc. $PLNT

Bessemer Group Inc. trimmed its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 21.5% during the first quarter, Holdings Channel.com reports. The fund owned 303,121 shares of the company’s stock after selling 82,913 shares during the quarter. Bessemer Group Inc.’s holdings in Planet Fitness were worth $22,546,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PLNT. Allspring Global Investments Holdings LLC grew its position in shares of Planet Fitness by 4.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 131,189 shares of the company’s stock worth $9,464,000 after purchasing an additional 5,832 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Planet Fitness by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 732,411 shares of the company’s stock worth $54,477,000 after purchasing an additional 13,089 shares during the period. Katamaran Capital LLP acquired a new stake in shares of Planet Fitness in the first quarter valued at approximately $974,000. State of Michigan Retirement System raised its position in shares of Planet Fitness by 2.0% in the first quarter. State of Michigan Retirement System now owns 20,000 shares of the company’s stock valued at $1,488,000 after buying an additional 400 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Planet Fitness in the first quarter valued at approximately $215,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

More Planet Fitness News

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

• Neutral Sentiment: Multiple law firms announced or reminded investors about a securities class action against Planet Fitness, with lead-plaintiff deadlines generally set for September 14, 2026. These notices keep the litigation overhang in the spotlight. Article: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Planet Fitness, Inc. and Encourages Investors to Contact the Firm
• Neutral Sentiment: Other firms, including Rosen, Pomerantz, Kirby McInerney, and Robbins, also issued investor alerts about the same class action, suggesting the legal story is broad and still developing. Article: ROSEN, LEADING INVESTOR COUNSEL, Encourages Planet Fitness, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLNT
• Neutral Sentiment: Planet Fitness saw unusually heavy call-option activity, with traders buying far more calls than normal, indicating some investors may be positioning for a rebound despite the legal pressure.
• Negative Sentiment: The class action and related securities-fraud investigations could increase legal costs and raise uncertainty around Planet Fitness’ outlook, which may weigh on the stock until there is more clarity on the allegations and potential exposure.

Planet Fitness Trading Down 0.9%

Shares of Planet Fitness stock opened at $52.38 on Friday. The firm’s 50 day moving average is $51.75 and its 200 day moving average is $72.39. The firm has a market capitalization of $4.16 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.14 and a beta of 1.04. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.47.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $298.60 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s revenue was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, research analysts anticipate that Planet Fitness, Inc. will post 3.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. KGI Securities lowered Planet Fitness to a “neutral” rating and set a $50.50 price objective on the stock. in a research note on Friday, May 8th. KeyCorp decreased their price objective on shares of Planet Fitness from $100.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. William Blair downgraded shares of Planet Fitness from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Weiss Ratings downgraded Planet Fitness from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 18th. Finally, Roth Capital dropped their price objective on Planet Fitness from $109.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.71.

Insider Activity

In other news, Director Frances G. Rathke bought 5,000 shares of the stock in a transaction on Friday, May 8th. The stock was acquired 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 approximately $231,050. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

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.