Pinstripes goes bankrupt [Yahoo! Finance]
PINSTRIPES HOLDINGS INC A (PNST)
Company Research
Source: Yahoo! Finance
Dive Brief: Pinstripes filed for Chapter 11 bankruptcy protections on Monday, according to court documents filed in the U.S. Bankruptcy Court for the District of Delaware. The action was nearly a year in the making and “reflect[s] the Debtors' only remaining path to maximize value,” Chief Restructuring Officer James Katchadurian said in a filing. The chain, which was founded in 2007, eventually grew to 18 units but recorded only eight at the time of filing. Katchadurian said the chain struggled with economic deterioration during the past year that led to revenue declines and “eroded the Debtors' restructuring alternatives.” Dive Insight: Inflationary pressures hit Pinstripes particularly hard. As of early 2024, food spending accounted for a majority of Pinstripes revenue , but entertainment consumers became more price sensitive due to inflation and shifted to cheaper alternatives over the past year, Katchadurian said. The company faced tight liquidity at a moment when it
Show less
Read more
Impact Snapshot
Event Time:
PNST
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PNST alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PNST alerts
High impacting PINSTRIPES HOLDINGS INC A news events
Weekly update
A roundup of the hottest topics