Pinstripes (NYSE:PNST – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.12), Yahoo Finance reports. The business had revenue of $30.60 million during the quarter, compared to analysts’ expectations of $34.45 million.
Pinstripes Trading Down 22.7 %
Pinstripes stock opened at $1.70 on Friday. Pinstripes has a 52 week low of $1.55 and a 52 week high of $16.00. The firm’s 50-day simple moving average is $2.20 and its 200 day simple moving average is $2.82.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Oppenheimer decreased their price objective on shares of Pinstripes from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday. BTIG Research reduced their price target on shares of Pinstripes from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday.
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.
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