Oppenheimer analyst Brian Bittner maintains $Pinstripes Holdings (PNST.US)$ with a buy rating, and adjusts the target price from $5 to $2.
According to TipRanks data, the analyst has a success rate of 65.9% and a total average return of 11.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Pinstripes Holdings (PNST.US)$'s main analysts recently are as follows:
Pinstripes reported another weak quarter, finishing off a challenging first half of the fiscal year, characterized by further declines in sales trends and mid-single digit venue-level margins. The performance bore resemblance to the previous quarter in both direction and theme, although some encouraging signs have recently emerged, suggesting a potential improvement for the second half of the year.
The company, Pinstripes, is undergoing above-average volatility, as evidenced by a -9.4% decline in same-store sales during Q2 2025, with similar downward trends extending into fiscal Q3 2025. Due to these uncertainties, management has retracted its fiscal 2025 full-year financial guidance. Nonetheless, it is projected that the company's business model will yield a solidly positive EBITDA by Q3 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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