Pinstripes (NYSE:PNST) Announces Earnings Results

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

Pinstripes Trading Up 27.0 %

Shares of PNST traded up $0.10 during trading hours on Wednesday, hitting $0.47. The company had a trading volume of 169,125 shares, compared to its average volume of 70,023. Pinstripes has a one year low of $0.34 and a one year high of $4.26. The company’s fifty day moving average price is $0.43 and its two-hundred day moving average price is $0.92.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PNST. Oppenheimer decreased their target price on Pinstripes from $5.00 to $2.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. BTIG Research decreased their target price on Pinstripes from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Pinstripes in a research report on Wednesday, November 27th.

Pinstripes Company Profile

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.