Pinstripes (NYSE:PNST) Issues Earnings Results

Pinstripes (NYSE:PNST) released its quarterly earnings data on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04), Zacks reports.

Pinstripes Price Performance

PNST traded up $0.10 during trading hours on Wednesday, reaching $0.47. 169,125 shares of the company’s stock traded hands, compared to its average volume of 70,023. The firm has a 50-day moving average price of $0.43 and a 200 day moving average price of $0.92. Pinstripes has a 52-week low of $0.34 and a 52-week high of $4.26.

Analyst Ratings Changes

PNST has been the subject of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Pinstripes in a report on Wednesday, November 27th. BTIG Research dropped their target price on Pinstripes from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Oppenheimer dropped their target price on Pinstripes from $5.00 to $2.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th.

About Pinstripes

Pinstripes Holdings Inc operates a dining and entertainment concept restaurants. The company provides Italian-American food and beverage menu with bowling, bocce, and event space. It also offers private event options and catering services. The company is based in Northbrook, Illinois.