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.

Shares of gym chain Planet Fitness ( PLNT 11.25%) 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.

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,