Kona Grill, Inc. (NASDAQ:KONA) Director Anthony L. Winczewski bought 8,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $2.50 per share, for a total transaction of $20,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Kona Grill, Inc. (NASDAQ:KONA) traded down 1.96% during trading on Friday, reaching $2.50. 162,393 shares of the company were exchanged. The firm’s market capitalization is $25.26 million. The firm’s 50 day moving average is $2.55 and its 200 day moving average is $4.89. Kona Grill, Inc. has a 1-year low of $1.50 and a 1-year high of $14.44.

Kona Grill (NASDAQ:KONA) last issued its quarterly earnings data on Monday, July 31st. The restaurant operator reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.14. Kona Grill had a negative net margin of 14.98% and a negative return on equity of 39.42%. The company had revenue of $46.98 million for the quarter, compared to the consensus estimate of $48.96 million. During the same period in the previous year, the business earned ($0.08) EPS. Kona Grill’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts anticipate that Kona Grill, Inc. will post ($1.08) EPS for the current fiscal year.

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A number of analysts have recently commented on KONA shares. Zacks Investment Research upgraded shares of Kona Grill from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Wedbush reiterated an “outperform” rating and issued a $11.00 price target (up previously from $10.00) on shares of Kona Grill in a research note on Tuesday, May 9th. ValuEngine cut shares of Kona Grill from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Raymond James Financial, Inc. cut shares of Kona Grill from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 12th. Finally, Telsey Advisory Group dropped their price target on shares of Kona Grill from $8.00 to $4.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Kona Grill presently has a consensus rating of “Hold” and a consensus target price of $6.67.

A number of large investors have recently modified their holdings of the stock. LMR Partners LLP acquired a new stake in shares of Kona Grill during the second quarter valued at $109,000. Engine Capital Management LLC acquired a new stake in shares of Kona Grill during the first quarter valued at $189,000. KCG Holdings Inc. acquired a new stake in shares of Kona Grill during the first quarter valued at $200,000. Goldman Sachs Group Inc. acquired a new stake in shares of Kona Grill during the second quarter valued at $159,000. Finally, Addison Clark Management L.L.C. increased its stake in shares of Kona Grill by 201.9% in the first quarter. Addison Clark Management L.L.C. now owns 215,840 shares of the restaurant operator’s stock valued at $1,360,000 after buying an additional 144,340 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Kona Grill (NASDAQ:KONA)

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