Pinstripes Holdings Inc. (NYSE:PNST) Short Interest Update

Pinstripes Holdings Inc. (NYSE:PNST) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 196,700 shares, a growth 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 volume of 187,000 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Pinstripes

Several institutional investors have recently modified their holdings of PNST. Rockefeller Capital Management L.P. purchased a new stake in shares of Pinstripes during the 3rd quarter worth approximately $240,000. Raymond James Financial Inc. purchased a new stake in shares of Pinstripes during the 4th quarter worth approximately $27,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Pinstripes during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 56.79% of the company’s stock.

Pinstripes Trading Up 16.7 %

NYSE PNST traded up $0.01 on Tuesday, hitting $0.08. 9,908 shares of the stock were exchanged, compared to its average volume of 179,654. Pinstripes has a fifty-two week low of $0.03 and a fifty-two week high of $4.15. The company has a 50-day moving average price of $0.32 and a 200-day moving average price of $0.65.

Pinstripes (NYSE:PNST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $35.52 million for the quarter, compared to analyst estimates of $35.10 million. As a group, research analysts expect that Pinstripes will post -0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PNST. BTIG Research lowered their price target on shares of Pinstripes from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Oppenheimer lowered their price target on shares of Pinstripes from $5.00 to $2.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, William Blair reiterated an “outperform” rating on shares of Pinstripes in a report on Wednesday, November 27th.

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.