Rockefeller Capital Management L.P. Purchases New Position in Pinstripes Holdings Inc. (NYSE:PNST)

Rockefeller Capital Management L.P. bought a new stake in Pinstripes Holdings Inc. (NYSE:PNST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 313,592 shares of the company’s stock, valued at approximately $240,000. Rockefeller Capital Management L.P. owned approximately 0.78% of Pinstripes as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Pinstripes in the 2nd quarter valued at $1,714,000. Lakewood Asset Management LLC bought a new position in shares of Pinstripes during the second quarter worth about $246,000. Horizon Wealth Management LLC acquired a new stake in Pinstripes in the 2nd quarter valued at approximately $46,000. Rothschild Investment LLC acquired a new position in Pinstripes during the 2nd quarter worth approximately $36,000. Finally, Greenwood Gearhart Inc. bought a new position in shares of Pinstripes during the 2nd quarter worth approximately $70,000. 56.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Oppenheimer lowered their price objective on shares of Pinstripes from $5.00 to $2.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. William Blair restated an “outperform” rating on shares of Pinstripes in a research note on Wednesday, November 27th. Finally, BTIG Research cut their price objective on Pinstripes from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th.

Pinstripes Price Performance

Shares of PNST opened at $0.61 on Wednesday. Pinstripes Holdings Inc. has a 52-week low of $0.56 and a 52-week high of $16.00. The business’s 50 day moving average price is $0.75 and its two-hundred day moving average price is $1.67.

Pinstripes 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.