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

William Blair started coverage on shares of Pinstripes (NYSE:PNST - Free Report) in a report released on Monday, MarketBeat Ratings reports. The firm issued an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. BTIG Research began coverage on shares of Pinstripes in a report on Monday, January 29th. They issued a buy rating and a $6.00 price target on the stock. Oppenheimer reaffirmed an outperform rating and set a $6.00 price target on shares of Pinstripes in a research note on Thursday, February 22nd.

Pinstripes Stock Performance

Shares of PNST traded up $0.08 during mid-day trading on Monday, hitting $3.19. 31,170 shares of the company's stock were exchanged, compared to its average volume of 154,288. Pinstripes has a fifty-two week low of $2.85 and a fifty-two week high of $16.00. The company has a 50 day simple moving average of $3.52.

Pinstripes (NYSE:PNST - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. Equities research analysts forecast that Pinstripes will post -0.24 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Anthony Querciagrossa bought 100,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $3.43 per share, for a total transaction of $343,000.00. Following the purchase, the chief financial officer now owns 100,000 shares of the company's stock, valued at approximately $343,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.80% of the company's stock.

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.