Pinstripes price target lowered to $5 from $6 at Oppenheimer

Oppenheimer lowered the firm’s price target on Pinstripes to $5 from $6 and keeps an Outperform rating on the shares. The firm notes the company reduced 2025 EBITDA guidance owing primarily to intensified macro headwinds. A lower same-store sales outlook is driven by tighter private-event spending as well as slower dining/play trends, Oppenheimer adds.