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

Pinstripes (NYSE:PNST) released its earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04), Zacks reports. The firm had revenue of $35.52 million during the quarter, compared to the consensus estimate of $35.10 million.

Pinstripes Trading Up 27.0 %

Shares of NYSE:PNST opened at $0.47 on Thursday. Pinstripes has a 12-month low of $0.34 and a 12-month high of $4.26. The stock has a fifty day simple moving average of $0.43 and a two-hundred day simple moving average of $0.92.

Analyst Ratings Changes

A number of equities analysts have issued reports on PNST shares. BTIG Research decreased their price objective on Pinstripes from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. William Blair reiterated an “outperform” rating on shares of Pinstripes in a research note on Wednesday, November 27th. Finally, Oppenheimer dropped their price objective on shares of Pinstripes from $5.00 to $2.00 and set an “outperform” rating on the stock in a research note 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.