Shares of Kona Grill Inc. (NASDAQ:KONA) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.25.

A number of analysts recently commented on KONA shares. Roth Capital started coverage on Kona Grill in a research report on Thursday, July 7th. They issued a “buy” rating and a $15.00 target price for the company. Wedbush decreased their target price on 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 lowered Kona Grill from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Feltl & Co. raised 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 target on Kona Grill from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. increased its position 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 worth $990,000 after buying an additional 546 shares during the last quarter. BlackRock Investment Management LLC increased its position in shares of Kona Grill by 8.3% in the second quarter. BlackRock Investment Management LLC now owns 34,110 shares of the company’s stock worth $366,000 after buying an additional 2,621 shares during the last quarter. Royal Bank of Canada increased its position 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 worth $11,934,000 after buying an additional 5,964 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 during the last quarter. Finally, Rhumbline Advisers acquired a new position in shares of Kona Grill during the second quarter worth $132,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Kona Grill (NASDAQ:KONA) traded up 1.378% during mid-day trading on Tuesday, reaching $11.405. The company’s stock had a trading volume of 17,281 shares. The firm has a 50 day moving average price of $13.00 and a 200 day moving average price of $12.45. Kona Grill has a 52-week low of $9.90 and a 52-week high of $17.60. The company’s market cap is $119.52 million.

Kona Grill (NASDAQ:KONA) last issued its 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 net margin of 3.81% and a negative return on equity of 9.54%. The firm earned $43.30 million during the quarter, compared to the consensus estimate of $45.41 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts anticipate 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.

5 Day Chart for NASDAQ:KONA

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