Pinstripes (NYSE:PNST) Releases Earnings Results, Misses Estimates By $0.04 EPS

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

Pinstripes Trading Up 27.0 %

Shares of NYSE PNST traded up $0.10 during trading hours on Wednesday, hitting $0.47. The stock had a trading volume of 186,922 shares, compared to its average volume of 70,212. The firm’s 50-day moving average price is $0.43 and its two-hundred day moving average price is $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 topic of a number of research reports. Oppenheimer dropped their target price on Pinstripes from $5.00 to $2.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. BTIG Research cut their target price on shares of 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 restated an “outperform” rating on shares of Pinstripes in a 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.