Shares of Kona Grill Inc. (NASDAQ:KONA) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.33.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Wedbush dropped their price target on shares of Kona Grill from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, October 28th.

Shares of Kona Grill (NASDAQ:KONA) opened at 12.65 on Tuesday. The company has a 50-day moving average of $11.26 and a 200 day moving average of $12.04. Kona Grill has a 52-week low of $9.75 and a 52-week high of $17.27. The company’s market capitalization is $133.36 million.

Kona Grill (NASDAQ:KONA) last released its quarterly earnings results on Thursday, October 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.09. The business had revenue of $43.40 million for the quarter, compared to the consensus estimate of $45.31 million. Kona Grill had a negative net margin of 4.30% and a negative return on equity of 12.30%. Kona Grill’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) EPS. Analysts predict that Kona Grill will post ($0.70) earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Kona Grill by 3.4% in the third quarter. Wells Fargo & Company MN now owns 57,516 shares of the company’s stock valued at $723,000 after buying an additional 1,888 shares during the period. Royal Bank of Canada boosted its stake 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 boosted its stake 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. purchased a new stake in Kona Grill during the second quarter valued at $3,081,000. Finally, Rhumbline Advisers purchased a new stake in Kona Grill during the second quarter valued at $132,000. Institutional investors own 81.84% of the company’s stock.

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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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