Redwood Investment Management LLC Makes New $1.03 Million Investment in Planet Fitness, Inc. $PLNT

Redwood Investment Management LLC purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,869 shares of the company’s stock, valued at approximately $1,032,000.

Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Planet Fitness in the 4th quarter valued at $108,796,000. Freestone Grove Partners LP raised its position in Planet Fitness by 149.2% in the 3rd quarter. Freestone Grove Partners LP now owns 527,634 shares of the company’s stock worth $54,768,000 after purchasing an additional 315,941 shares during the period. SRS Investment Management LLC raised its position in Planet Fitness by 4.5% in the 4th quarter. SRS Investment Management LLC now owns 4,877,578 shares of the company’s stock worth $529,071,000 after purchasing an additional 212,145 shares during the period. Mane Global Capital Management LP bought a new stake in Planet Fitness in the third quarter worth $20,760,000. Finally, Van Berkom & Associates Inc. lifted its stake in Planet Fitness by 21.1% in the first quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock worth $73,697,000 after purchasing an additional 172,586 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Price Performance

NYSE PLNT opened at $56.27 on Tuesday. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.26. The stock has a market capitalization of $4.47 billion, a PE ratio of 20.31, a PEG ratio of 1.22 and a beta of 1.03. The business’s 50-day moving average is $52.62 and its 200 day moving average is $68.21.

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

Insider Activity

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of Planet Fitness stock in a transaction dated Friday, May 8th. The shares were 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 owned 5,000 shares of the company’s stock, valued at approximately $231,050. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Robert W. Baird set a $80.00 price objective on Planet Fitness in a research note on Friday, May 8th. Wells Fargo & Company reissued an “overweight” rating on shares of Planet Fitness in a research note on Monday, July 20th. Zacks Research upgraded Planet Fitness from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Cantor Fitzgerald set a $62.00 price target on Planet Fitness in a research report on Thursday, July 9th. Finally, Guggenheim decreased their price target on Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.50.

More Planet Fitness News

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

• Neutral Sentiment: Multiple law firms reminded investors that September 14, 2026 is the deadline to seek appointment as lead plaintiff in a federal securities class action involving Planet Fitness investors who purchased shares between November 6, 2025, and May 6, 2026. The deadline is procedural and does not establish that Planet Fitness committed wrongdoing. Faruqi & Faruqi shareholder action reminder
• Negative Sentiment: The complaints allege that Planet Fitness made misleading statements or failed to disclose material information about Black Card pricing, membership growth, and same-club sales trends. The allegations reportedly preceded the company’s decision to lower its 2026 targets and withdraw its three-year growth algorithm, developments that caused a sharp share-price decline during the class period. Levi & Korsinsky Planet Fitness lawsuit notice
• Negative Sentiment: The unusually large number of law-firm solicitations highlights ongoing litigation and reputational uncertainty for PLNT. If the case advances, Planet Fitness could face legal costs, potential settlement payments, and additional scrutiny of its membership and pricing disclosures. The releases do not provide evidence of a court finding against the company. Wolf Haldenstein Planet Fitness shareholder notice

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.