Pinstripes (NYSE:PNST) Research Coverage Started at William Blair

Equities researchers at William Blair assumed coverage on shares of Pinstripes (NYSE:PNST) in a report issued on Monday, Briefing.com reports. The brokerage set an “outperform” rating on the stock.

PNST has been the subject of several other research reports. BTIG Research began coverage on shares of Pinstripes in a research report on Monday, January 29th. They issued a “buy” rating and a $6.00 price target for the company. Oppenheimer restated an “outperform” rating and set a $6.00 price target on shares of Pinstripes in a research note on Thursday, February 22nd.

Pinstripes Stock Up 5.4 %

Shares of NYSE:PNST opened at $3.11 on Monday. Pinstripes has a 1-year low of $2.85 and a 1-year high of $16.00. The business’s 50 day simple moving average is $3.52.

Pinstripes (NYSE:PNST) last issued its earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $32.16 million for the quarter, compared to analysts’ expectations of $32.20 million. As a group, sell-side analysts anticipate that Pinstripes will post -0.24 EPS for the current year.

Insiders Place Their Bets

In other Pinstripes news, CFO Anthony Querciagrossa acquired 100,000 shares of Pinstripes stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $3.43 per share, with a total value of $343,000.00. Following the acquisition, the chief financial officer now owns 100,000 shares of the company’s stock, valued at $343,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.80% of the company’s stock.

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.