Pinstripes (NYSE:PNST) Given Outperform Rating at William Blair

William Blair reaffirmed their outperform rating on shares of Pinstripes (NYSE:PNST) in a research note published on Wednesday,RTT News reports.

PNST has been the topic of several other research reports. BTIG Research dropped their price objective on shares of Pinstripes from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer cut their price objective on Pinstripes from $5.00 to $2.00 and set an “outperform” rating for the company in a report on Wednesday.

Pinstripes Stock Down 23.0 %

Shares of Pinstripes stock opened at $0.77 on Wednesday. Pinstripes has a twelve month low of $0.56 and a twelve month high of $16.00. The company has a fifty day moving average price of $0.77 and a 200 day moving average price of $1.80.

Pinstripes (NYSE:PNST) last issued its earnings results on Wednesday, September 4th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.12). The business had revenue of $30.60 million for the quarter, compared to the consensus estimate of $34.45 million. Equities research analysts expect that Pinstripes will post -0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new stake in Pinstripes during the second quarter worth approximately $36,000. Horizon Wealth Management LLC bought a new stake in shares of Pinstripes during the 2nd quarter worth $46,000. Greenwood Gearhart Inc. acquired a new position in Pinstripes in the 2nd quarter valued at $70,000. Lakewood Asset Management LLC bought a new position in Pinstripes in the 2nd quarter worth $246,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Pinstripes during the 3rd quarter worth $240,000. 56.79% of the stock is owned by institutional investors.

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.