Pinstripes (NYSE:PNST – Get Free Report) posted its quarterly earnings results 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 company had revenue of $30.60 million for the quarter, compared to analyst estimates of $34.45 million.
Pinstripes Trading Down 22.7 %
NYSE PNST opened at $1.70 on Friday. The company has a fifty day moving average price of $2.20 and a 200-day moving average price of $2.82. Pinstripes has a 1 year low of $1.55 and a 1 year high of $16.00.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on PNST shares. BTIG Research reduced their price objective on shares of Pinstripes from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer cut their price target on Pinstripes from $6.00 to $5.00 and set an “outperform” rating for the company in a research note 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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