Wedbush restated their outperform rating on shares of Kona Grill Inc. (NASDAQ:KONA) in a research report report published on Saturday morning. The firm currently has a $18.00 price objective on the stock.
A number of other analysts have also commented on KONA. Zacks Investment Research lowered Kona Grill from a hold rating to a sell rating in a report on Wednesday, July 6th. Roth Capital assumed coverage on Kona Grill in a report on Thursday, July 7th. They issued a buy rating and a $15.00 price objective for the company. Feltl & Co. raised Kona Grill from a buy rating to a strong-buy rating in a report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. cut their price objective on Kona Grill from $20.00 to $17.00 and set an outperform rating for the company in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $17.40.
Shares of Kona Grill (NASDAQ:KONA) traded down 0.97% during trading on Friday, reaching $11.25. The company’s stock had a trading volume of 78,734 shares. The company’s market cap is $117.90 million. Kona Grill has a 12-month low of $9.90 and a 12-month high of $17.75. The company has a 50 day moving average of $13.04 and a 200 day moving average of $12.47.
Kona Grill (NASDAQ:KONA) last posted its earnings results on Wednesday, July 27th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. The business 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 revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. On average, analysts anticipate that Kona Grill will post ($0.55) EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in 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 during the period. Diker Management LLC increased its position in 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 during the period. Penn Capital Management Co. Inc. bought a new position in Kona Grill during the second quarter valued at $3,081,000. Rhumbline Advisers bought a new position in Kona Grill during the second quarter valued at $132,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in 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 during the period. Institutional investors own 80.89% of the company’s stock.
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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