Planet Fitness, Inc. $PLNT Stake Boosted by WCM Investment Management LLC

WCM Investment Management LLC raised its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 58.3% during the 1st quarter, Holdings Channel reports. The fund owned 265,134 shares of the company’s stock after purchasing an additional 97,697 shares during the period. WCM Investment Management LLC’s holdings in Planet Fitness were worth $19,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Entropy Technologies LP purchased a new position in Planet Fitness in the 4th quarter worth about $2,744,000. Burney Co. acquired a new stake in Planet Fitness during the 4th quarter valued at $2,221,000. Aberdeen Group plc purchased a new stake in shares of Planet Fitness in the fourth quarter valued at $10,688,000. Nippon Life Global Investors Americas Inc. lifted its holdings 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 purchasing an additional 27,090 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Planet Fitness in the fourth quarter worth $2,611,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLNT. Zacks Research upgraded shares of Planet Fitness from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft cut their price target on Planet Fitness from $98.00 to $61.00 and set a “hold” rating for the company in a report on Friday, May 8th. KGI Securities cut shares of Planet Fitness to a “neutral” rating and set a $50.50 target price for the company. in a research note on Friday, May 8th. Bank of America restated a “neutral” rating and set a $59.00 price target (down from $110.00) on shares of Planet Fitness in a research note on Friday, May 8th. Finally, Canaccord Genuity Group set a $80.00 price target on shares of Planet Fitness in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.71.

Insiders Place Their Bets

In related news, Director Frances G. Rathke purchased 5,000 shares of the business’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 completion of the purchase, the director owned 5,000 shares in the company, valued at $231,050. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Trending Headlines about Planet Fitness

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 Stock Performance

Shares of NYSE PLNT opened at $52.38 on Monday. Planet Fitness, Inc. has a 52-week low of $37.03 and a 52-week high of $114.47. The stock has a market cap of $4.16 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.14 and a beta of 1.04. The firm has a 50 day moving average price of $51.75 and a 200 day moving average price of $72.13.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 net margin of 16.52% and a negative return on equity of 81.29%. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Analysts predict that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

About Planet Fitness

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.