Pinstripes Holdings, Inc. PNST

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
18/100
Weak

About Pinstripes Holdings, Inc.

Pinstripes Holdings Inc. operates a dining and entertainment concept restaurants. The company provides Italian-American cuisine with bowling, bocce, and private event services. It also offers off-site events catering services. The company was incorporated in 2006 and is based in Northbrook, Illinois. On September 8, 2025, Pinstripes Holdings Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter … Full PNST analysis →

Competitive advantage assessment

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 1.00), with margins expanding over time.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 11.1th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 1.9th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
6

Where PNST ranks in Restaurants

Pinstripes Holdings, Inc. ranks #53 of 57 scored companies in Restaurants by moat score — the top 93%. The widest moat in the group is Yum! Brands, Inc. (YUM) at 83/100.

Moat scores for companies ranked near PNST in Restaurants
# Company Moat score Rating
49 FAT Brands Inc. FATBW 21/100 Weak
50 FAT Brands Inc. - 8.25% Series FATBP 20/100 Weak
51 FAT Brands Inc. FAT 20/100 Weak
52 GEN Restaurant Group, Inc. GENK 19/100 Weak
53 Pinstripes Holdings, Inc. PNST 18/100 Weak
54 TH International Limited THCH 18/100 Weak
55 TDH Holdings, Inc. PETZ 17/100 Weak
56 Potbelly Corporation PBPB 0/100 Weak
57 Yoshiharu Global Co. YOSH 0/100 Weak

See every General Corporate company ranked by moat score →

How PNST scores on the Corporate Default defenses

Pricing Power

Score 6 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 27 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 8 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 1 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 18 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 47 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PNST's moat

What is Pinstripes Holdings, Inc.'s moat score?

Pinstripes Holdings, Inc. (PNST) scores 18 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #53 of 57 scored companies in Restaurants, the top 93%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 56 companies in Restaurants. Its strongest defense is Scale & Market Position (47/100) and its weakest is Capital Efficiency (1/100).

How does Pinstripes Holdings, Inc. compare with other Restaurants companies?

Pinstripes Holdings, Inc. ranks #53 of 57 scored companies in Restaurants by moat score. The widest moat in Restaurants is Yum! Brands, Inc. (YUM) at 83/100. The companies ranked closest are GEN Restaurant Group, Inc. (GENK) at 19 just above it and TH International Limited (THCH) at 18 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 56 companies in Restaurants. The defenses are then weighted to produce the overall score out of 100.

Why is Pinstripes Holdings, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Pinstripes Holdings, Inc.?

The Corporate Default template measures 6 defenses, and PNST scores: Pricing Power (6), Cost Advantage (27), Customer Stickiness (8), Capital Efficiency (1), Resilience (18), Scale & Market Position (47). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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