Kona Grill Inc. (NASDAQ:KONA) – Equities researchers at KeyCorp reduced their Q3 2016 EPS estimates for shares of Kona Grill in a research note issued on Wednesday. KeyCorp analyst C. O’cull now forecasts that the firm will post earnings of ($0.16) per share for the quarter, down from their previous forecast of ($0.13). KeyCorp also issued estimates for Kona Grill’s Q4 2016 earnings at ($0.13) EPS, FY2016 earnings at ($0.52) EPS and FY2017 earnings at $0.00 EPS.

A number of other research analysts also recently issued reports on KONA. Zacks Investment Research downgraded Kona Grill from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Oppenheimer Holdings Inc. decreased 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. Wedbush decreased their price objective on Kona Grill from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Roth Capital started coverage on Kona Grill in a report on Thursday, July 7th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Feltl & Co. upgraded Kona Grill from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a buy rating and one has issued 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.

Earnings History and Estimates for Kona Grill (NASDAQ:KONA)

Kona Grill (NASDAQ:KONA) opened at 11.96 on Monday. The firm’s market capitalization is $125.34 million. Kona Grill has a one year low of $9.90 and a one year high of $18.36. The stock’s 50 day moving average price is $13.29 and its 200-day moving average price is $12.50.

Kona Grill (NASDAQ:KONA) last issued its quarterly earnings results 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 business had revenue of $43.30 million for the quarter, compared to analyst estimates of $45.41 million. During the same quarter last year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased its position in Kona Grill by 15.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 91,788 shares of the company’s stock worth $1,189,000 after buying an additional 11,956 shares in the last quarter. State Street Corp increased its position in 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. Geode Capital Management LLC increased its position in Kona Grill by 14.5% in the first quarter. Geode Capital Management LLC now owns 65,140 shares of the company’s stock worth $843,000 after buying an additional 8,254 shares in the last quarter. Wellington Management Group LLP increased its position in 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. Finally, Diker Management LLC bought a new position in Kona Grill during the first quarter worth $480,000. Hedge funds and other 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.

5 Day Chart for NASDAQ:KONA

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