Pinstripes (PNST) AI Stock Analysis

• Market Cap: $2.15M
• Dividend Yield: N/A
• Average Volume (3M): 52.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 1,800
• Sector: Financial
• Sector Strength: 71
• Industry: Restaurants
• EPS (TTM): N/A
• Shares Outstanding: 41,212,357
• 10 Day Avg. Volume: 19,947
• 30 Day Avg. Volume: 52,654
• PEG Ratio: 1.16
• Price to Book (P/B): -1.79
• Price to Sales (P/S): 1.04
• P/FCF Ratio: -2.26
• Enterprise Value/Market Cap: 98.98
• Enterprise Value/Revenue: 1.65
• Enterprise Value/Gross Profit: 20.32
• Enterprise Value/Ebitda: -51.59
• 1Y Price Target: $2.00
• Price Target Upside: 2757.14% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: $0.00 ▼(-100.00% Downside)

Pinstripes' overall score is primarily affected by its financial distress, including high leverage, negative profitability, and cash flow issues. Despite positive developments in EBITDA margins and cost savings from the earnings call, significant liquidity concerns and valuation risk persist.

Pinstripes Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Pinstripes makes money primarily through its diverse revenue streams, which include food and beverage sales, gaming fees, and event bookings. The dining experience generates significant income from both in-restaurant dining and catering services. Additionally, the company earns revenue from bowling and bocce games, which attract both casual players and organized leagues. Private events, such as corporate meetings, weddings, and parties, also contribute a substantial portion of revenue, as Pinstripes offers tailored packages that include venue rental, food, and entertainment. Strategic partnerships with local businesses and community organizations help drive traffic and increase brand visibility, further enhancing revenue opportunities.

Pinstripes Financial Statement Overview

Summary

Pinstripes faces significant financial challenges with negative net profit margins, substantial leverage, and negative cash flows despite revenue growth. Addressing operational inefficiencies and financial structure is critical for viability.

Income Statement

Pinstripes has shown consistent revenue growth, with a 53.97% increase from 2022 to 2023, and a 6.70% increase from 2023 to 2024. Despite this, profitability remains a major concern, as indicated by negative net profit margins over the periods, though there was a slight improvement. Gross profit margin has been positive, but EBIT and EBITDA margins reflect ongoing operational challenges.

Balance Sheet

The balance sheet presents substantial risks with negative stockholders' equity indicating financial distress. The debt-to-equity ratio is not calculable due to negative equity, but high total liabilities and net debt levels signify significant leverage. The equity ratio is negative, highlighting solvency issues.

Cash Flow

Cash flow analysis reveals significant operational challenges, with negative operating and free cash flows. The free cash flow position has deteriorated further from 2023 to 2024. The operating cash flow to net income ratio is negative, indicating inefficiencies in converting income to cash.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	128.79M	118.72M	111.27M	77.10M
Gross Profit	10.49M	15.44M	14.86M	9.80M
EBITDA	-4.13M	13.34M	2.70M	287.00K
Net Income	-36.10M	-6.79M	-7.53M	-9.92M
Balance Sheet
Total Assets	162.86M	167.32M	130.93M	114.47M
Cash, Cash Equivalents and Short-Term Investments	2.38M	13.17M	8.44M	8.91M
Total Debt	197.52M	185.01M	139.38M	119.55M
Total Liabilities	258.57M	236.48M	245.93M	224.03M
Stockholders Equity	-95.71M	-69.16M	-115.00M	-109.56M
Cash Flow
Free Cash Flow	-37.78M	-54.81M	-25.03M	-7.48M
Operating Cash Flow	-19.35M	-32.68M	-12.04M	-5.59M
Investing Cash Flow	-18.43M	-22.13M	-12.99M	-1.90M
Financing Cash Flow	531.00K	59.55M	24.56M	11.06M

Pinstripes Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PNST, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 51.48 is Neutral, neither overbought nor oversold. The STOCH value of 79.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PNST.

Pinstripes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$17.49B	11.70	10.34%	3.85%	9.75%	0.63%
CAKE	65 Neutral	$3.09B	19.10	41.01%	1.72%	4.77%	38.24%
BDL	64 Neutral	$57.25M	13.25	6.88%	1.77%	8.83%	41.90%
RRGB	55 Neutral	$119.28M	―	92.02%	―	-3.09%	-30.16%
ARKR	46 Neutral	$25.86M	―	-33.50%	2.67%	-6.89%	-42.75%
PNST	40 Underperform	$2.15M	―	9.82%	―	―	―
NDLS	39 Underperform	$33.07M	―	-978.37%	―	-1.23%	-68.38%

Pinstripes Corporate Events

Pinstripes Appoints Richard Abbey as Interim CFO

On March 11, 2025, Pinstripes Holdings, Inc. appointed Richard Abbey as the interim Chief Financial Officer. Abbey, with over 30 years of experience in various industries, will serve through an engagement with AP Services, LLC, an affiliate of AlixPartners. The company will pay $45,000 per week for his services. Abbey’s appointment follows a letter of intent with Oaktree Capital Management and complements the recent appointment of Caitlin Schaefer as Chief Accounting Officer.