Shares of Kona Grill Inc. (NASDAQ:KONA) have earned an average rating of “Buy” from the eight research firms that are covering the company. Two equities research analysts have rated the stock with a sell recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.25.
A number of brokerages have weighed in on KONA. Wedbush reaffirmed an “outperform” rating and set a $18.00 target price on shares of Kona Grill in a research note on Saturday. Zacks Investment Research downgraded shares of Kona Grill from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Oppenheimer Holdings Inc. decreased their target price on shares of Kona Grill from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th. Feltl & Co. raised shares of Kona Grill from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Finally, Roth Capital began coverage on shares of Kona Grill in a research note on Thursday, July 7th. They set a “buy” rating and a $15.00 target price for the company.
Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Kona Grill by 0.5% in the second quarter. Royal Bank of Canada now owns 1,113,222 shares of the company’s stock valued at $11,934,000 after buying an additional 5,964 shares in the last quarter. Diker Management LLC boosted its stake in shares of Kona Grill by 71.5% in the second quarter. Diker Management LLC now owns 63,543 shares of the company’s stock valued at $681,000 after buying an additional 26,500 shares in the last quarter. Penn Capital Management Co. Inc. bought a new stake in shares of Kona Grill during the second quarter valued at about $3,081,000. Rhumbline Advisers bought a new stake in shares of Kona Grill during the second quarter valued at about $132,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Kona Grill by 0.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 92,334 shares of the company’s stock valued at $990,000 after buying an additional 546 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.
Kona Grill (NASDAQ:KONA) traded up 1.378% during midday trading on Tuesday, hitting $11.405. 17,281 shares of the company were exchanged. The stock has a 50 day moving average of $13.00 and a 200-day moving average of $12.45. The stock’s market capitalization is $119.52 million. Kona Grill has a 1-year low of $9.90 and a 1-year high of $17.60.
Kona Grill (NASDAQ:KONA) last announced its earnings results on Wednesday, July 27th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. Kona Grill had a negative net margin of 3.81% and a negative return on equity of 9.54%. The business had revenue of $43.30 million for the quarter, compared to the consensus estimate of $45.41 million. During the same period in the prior year, the business posted $0.01 EPS. Kona Grill’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities analysts expect that Kona Grill will post ($0.55) earnings per share for the current year.
About Kona Grill
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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