Coastline Complete Wealth LLC Purchases New Holdings in Planet Fitness, Inc. $PLNT

Coastline Complete Wealth LLC acquired a new position in Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, HoldingsChannel reports. The fund acquired 27,046 shares of the company’s stock, valued at approximately $2,815,000. Planet Fitness makes up about 1.8% of Coastline Complete Wealth LLC’s portfolio, making the stock its 17th biggest holding.

Several other large investors also recently bought and sold shares of the company. MML Investors Services LLC increased its stake in Planet Fitness by 1.3% during the 4th quarter. MML Investors Services LLC now owns 9,811 shares of the company’s stock worth $1,064,000 after buying an additional 122 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Planet Fitness by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 26,627 shares of the company’s stock valued at $2,764,000 after acquiring an additional 123 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Planet Fitness by 2.8% in the third quarter. Crossmark Global Holdings Inc. now owns 5,963 shares of the company’s stock valued at $619,000 after acquiring an additional 163 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Planet Fitness by 4.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock worth $410,000 after acquiring an additional 168 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of Planet Fitness by 135.9% in the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Price Performance

PLNT stock opened at $52.92 on Friday. The business has a 50 day simple moving average of $58.04 and a 200-day simple moving average of $80.61. The firm has a market capitalization of $4.20 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.09 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 announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 EPS for the quarter, topping 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 firm had revenue of $337.24 million for the quarter, compared to the consensus estimate of $298.60 million. During the same quarter last year, the business posted $0.59 earnings per share. 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. On average, equities research analysts expect that Planet Fitness, Inc. will post 3.18 EPS for the current year.

Insider Transactions at Planet Fitness

In related news, Director Frances G. Rathke bought 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $46.21 per share, with a total value of $231,050.00. Following the purchase, the director directly 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 filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Canaccord Genuity Group set a $80.00 target price on shares of Planet Fitness in a research note 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 target price for the company. in a report on Friday, May 8th. UBS Group dropped their target price on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, KeyCorp reduced their target price on shares of Planet Fitness from $100.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Planet Fitness currently has a consensus rating of “Moderate Buy” and an average target price of $77.81.

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.