Emerald Advisers Inc. PA held its stake in shares of Kona Grill Inc. (NASDAQ:KONA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,633 shares of the company’s stock at the end of the second quarter. Emerald Advisers Inc. PA’s holdings in Kona Grill were worth $210,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Kona Grill by 39.5% in the first quarter. Wellington Management Group LLP now owns 997,602 shares of the company’s stock worth $12,919,000 after buying an additional 282,435 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Kona Grill by 13.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 410,040 shares of the company’s stock worth $4,396,000 after buying an additional 50,000 shares in the last quarter. Diker Management LLC acquired a new stake in shares of Kona Grill during the first quarter worth $480,000. State Street Corp boosted its stake in shares of Kona Grill by 26.7% in the first quarter. State Street Corp now owns 107,318 shares of the company’s stock worth $1,389,000 after buying an additional 22,594 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Kona Grill by 1.8% in the first quarter. Royal Bank of Canada now owns 1,107,258 shares of the company’s stock worth $14,339,000 after buying an additional 19,617 shares in the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.
Shares of Kona Grill Inc. (NASDAQ:KONA) traded down 4.46% during trading on Thursday, hitting $11.36. 52,226 shares of the stock were exchanged. The stock has a 50-day moving average of $13.15 and a 200 day moving average of $12.48. The stock’s market cap is $119.05 million. Kona Grill Inc. has a 12-month low of $9.90 and a 12-month high of $17.75.
Kona Grill (NASDAQ:KONA) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.03. The company earned $43.30 million during the quarter, compared to the consensus estimate of $45.41 million. Kona Grill had a negative return on equity of 9.54% and a negative net margin of 3.81%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. Equities analysts predict that Kona Grill Inc. will post ($0.55) earnings per share for the current fiscal year.
KONA has been the subject of a number of recent research reports. Roth Capital initiated coverage on shares of Kona Grill in a research note on Thursday, July 7th. They set a “buy” rating and a $15.00 price target for the company. Wedbush cut their price objective on shares of Kona Grill from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Zacks Investment Research downgraded shares of Kona Grill from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Feltl & Co. upgraded shares of Kona Grill from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. cut their price objective on shares of Kona Grill from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.40.
Kona Grill Company Profile
Kona Grill, Inc owns and operates upscale casual dining restaurants under the name Kona Grill. The Company owns and operates approximately 40 restaurants in 20 states throughout the United States and Puerto Rico. Its high-volume upscale casual restaurants feature a global menu of contemporary American favorites and sushi.
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