27,046 Shares in Planet Fitness, Inc. $PLNT Bought by Coastline Complete Wealth LLC

Coastline Complete Wealth LLC purchased a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,046 shares of the company’s stock, valued at approximately $2,815,000. Planet Fitness accounts for about 1.8% of Coastline Complete Wealth LLC’s portfolio, making the stock its 17th biggest holding.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Planet Fitness in the fourth quarter worth about $27,000. Clearstead Advisors LLC increased its holdings in Planet Fitness by 135.9% in the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after buying an additional 193 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after buying an additional 214 shares during the period. Los Angeles Capital Management LLC purchased a new position in Planet Fitness during the 4th quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC raised its position in Planet Fitness by 131.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock worth $47,000 after buying an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Trading Up 5.4%

NYSE PLNT opened at $52.92 on Friday. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.09 and a beta of 1.04. The stock has a 50-day moving average of $58.04 and a 200 day moving average of $80.61. Planet Fitness, Inc. has a twelve month low of $37.03 and a twelve month 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. 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%.Planet Fitness’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Equities analysts predict that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating and issued a $59.00 price objective (down from $110.00) on shares of Planet Fitness in a report on Friday, May 8th. Morgan Stanley lowered shares of Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 price target on the stock. in a report on Friday, May 8th. Piper Sandler lowered shares of Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday, February 27th. Robert W. Baird set a $80.00 price objective on shares of Planet Fitness in a research note on Friday, May 8th. Finally, Royal Bank Of Canada cut their target price on shares of Planet Fitness from $85.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.81.

Insider Activity

In related news, Director Frances G. Rathke purchased 5,000 shares of the company’s stock in a transaction that occurred 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 purchase, the director owned 5,000 shares of the company’s stock, valued at $231,050. The trade was 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. 0.90% of the stock is owned by company insiders.

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.