Pinstripes (NYSE:PNST) Receives New Coverage from Analysts at William Blair

William Blair started coverage on shares of Pinstripes (NYSE:PNST) in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm issued an outperform rating on the stock.

Several other research firms have also weighed in on PNST. Oppenheimer reissued an outperform rating and issued a $6.00 target price on shares of Pinstripes in a research note on Thursday, February 22nd. BTIG Research initiated coverage on shares of Pinstripes in a research report on Monday, January 29th. They issued a buy rating and a $6.00 price target on the stock.

Pinstripes Stock Up 2.6 %

PNST opened at $3.19 on Monday. The business’s 50 day simple moving average is $3.51. Pinstripes has a fifty-two week low of $2.85 and a fifty-two week high of $16.00.

Pinstripes (NYSE:PNST) last issued its earnings results on Wednesday, February 21st. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $32.16 million for the quarter, compared to the consensus estimate of $32.20 million. On average, equities research analysts anticipate that Pinstripes will post -0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pinstripes news, CFO Anthony Querciagrossa bought 100,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $3.43 per share, with a total value of $343,000.00. Following the completion of the purchase, the chief financial officer now owns 100,000 shares in the company, valued at $343,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 22.80% of the stock is currently owned by company insiders.

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.