Kona Grill Inc. (KONA) Lowered to Sell at Zacks Investment Research
According to Zacks, “Kona Grill owns and operates restaurants in Scottsdale, Ariz.; Chandler, Ariz.; Kansas City, Mo.; Las Vegas, Nev.; Denver, Colo.; Omaha, Neb.; Carmel, Ind.; and Sugar Land (Houston), Texas. Kona Grill restaurants offer freshly prepared food, personalized service, and a warm, contemporary ambiance that creates an exceptional, yet affordable, dining experience. Kona Grill restaurants serve a diverse selection of mainstream American dishes as well as a variety of appetizers and entrees with an international influence. “
KONA has been the subject of several other reports. Oppenheimer Holdings Inc. reduced their price objective on Kona Grill from $20.00 to $17.00 and set an outperform rating for the company in a research report on Thursday, July 28th. Wedbush dropped their price objective on Kona Grill from $21.00 to $18.00 and set an outperform rating for the company in a research note on Thursday, July 28th. Feltl & Co. upgraded Kona Grill from a buy rating to a strong-buy rating in a research note on Thursday, July 28th. Finally, Roth Capital started coverage on Kona Grill in a research note on Thursday, July 7th. They set a buy rating and a $15.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $17.40.
Kona Grill (NASDAQ:KONA) opened at 11.96 on Tuesday. Kona Grill has a 52-week low of $9.90 and a 52-week high of $18.36. The stock’s 50 day moving average is $13.29 and its 200-day moving average is $12.50. The firm’s market capitalization is $125.34 million.
Kona Grill (NASDAQ:KONA) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.03. Kona Grill had a negative return on equity of 9.54% and a negative net margin of 3.81%. The firm earned $43.30 million during the quarter, compared to analyst estimates of $45.41 million. During the same quarter in the prior year, the company posted $0.01 EPS. The company’s quarterly revenue 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.
A number of institutional investors have recently bought and sold shares of KONA. Penn Capital Management Co. Inc. bought a new position in shares of Kona Grill during the second quarter worth about $3,081,000. Wellington Management Group LLP boosted its position 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 during the period. Emerald Acquisition Ltd. bought a new position in shares of Kona Grill during the second quarter worth about $1,327,000. Emerald Mutual Fund Advisers Trust boosted its position 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 during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Kona Grill by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 271,728 shares of the company’s stock worth $2,913,000 after buying an additional 47,102 shares during the period. Institutional investors and hedge funds 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.
Receive News & Stock Ratings for Kona Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kona Grill Inc. and related stocks with our FREE daily email newsletter.