Pinstripes Holdings Inc. (NYSE:PNST – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 196,700 shares, an increase of 36.0% from the February 13th total of 144,600 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 187,000 shares, the short-interest ratio is presently 1.1 days.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on PNST shares. Oppenheimer reduced their price target on Pinstripes from $5.00 to $2.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. William Blair reaffirmed an “outperform” rating on shares of Pinstripes in a research report on Wednesday, November 27th. Finally, BTIG Research reduced their price target on Pinstripes from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th.
Check Out Our Latest Stock Analysis on PNST
Pinstripes Price Performance
Pinstripes (NYSE:PNST – Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $35.52 million during the quarter, compared to analysts’ expectations of $35.10 million. As a group, equities research analysts forecast that Pinstripes will post -0.86 earnings per share for the current year.
Hedge Funds Weigh In On Pinstripes
Several hedge funds have recently made changes to their positions in PNST. Raymond James Financial Inc. acquired a new position in shares of Pinstripes in the 4th quarter valued at $27,000. Toronto Dominion Bank acquired a new position in shares of Pinstripes in the 4th quarter valued at $29,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Pinstripes in the 3rd quarter valued at $240,000. 56.79% of the stock is owned by institutional investors and hedge funds.
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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