Thanksgiving is not a holiday celebrated in Germany so there is no specific phrase for it.
But you could say Glückliches/Fröhliches/Schönes Erntedankfest! (Happy Harvest [Thanks] Fest)
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Glückliches Erntedankfest! is a German equivalent of the English phrase "Happy Thanksgiving!" The friendly wish translates literally into English as "Happy (fortunate) festival of thanksgiving for the harvest." The pronunciation will be "glihk-lih-khehs airn*-tuh-dahnk-fehst" in German.
Happy Thanksgiving = Alles Gute zum Erntedankfest
Frohes Erntedankfest!
In the German dub of American movies you will often hear "Frohes Thanksgiving!".