Shares of gym chain Planet Fitness (NYSE: PLNT) jumped on Thursday after the company reported financial results for the third quarter of 2024. As of 3:30 p.m. EST, Planet Fitness stock was up 11%, but it had been up by even more earlier in the day and had touched all-time highs.

Shares of Planet Fitness bulked up after the company's third-quarter earnings beat analyst estimates. The gym operator’s stock rose 11% Thursday, and is on track for its highest close since Feb. 2022.

Planet Fitness (NYSE: PLNT) Q3 2024 Earnings Call Nov 07, 2024, 8:00 a.m. ET

Planet Fitness (PLNT) reports revenue growth and milestone in price increase. Adjusted EBITDA and EPS surpass expectations.

Planet Fitness Inc.’s stock was rallying by nearly 14% on Thursday after the gym operator’s adjusted profit and revenue outperformed analyst estimates. The company said its “solid” results for the quarter included its first membership-fee price increase in more than 25 years.

Fintel reports that on November 8, 2024, Macquarie downgraded their outlook for Planet Fitness (NYSE:PLNT) from Outperform to Neutral. Analyst Price Forecast Suggests 3.98% Downside As of October 22,