Kona Grill (NASDAQ:KONA) had its target price boosted by Lake Street Capital to $5.00 in a research report sent to investors on Friday morning, The Fly reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Separately, ValuEngine raised shares of Kona Grill from a sell rating to a hold rating in a research report on Wednesday, May 2nd.

KONA traded up $0.05 on Friday, reaching $2.40. 113,505 shares of the company’s stock were exchanged, compared to its average volume of 10,074. Kona Grill has a twelve month low of $1.55 and a twelve month high of $5.00. The company has a debt-to-equity ratio of 10.40, a current ratio of 0.39 and a quick ratio of 0.30.

Kona Grill (NASDAQ:KONA) last posted its earnings results on Thursday, August 9th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.05. The firm had revenue of $42.35 million during the quarter. Kona Grill had a negative net margin of 12.80% and a negative return on equity of 94.61%.

Kona Grill Company Profile

Kona Grill, Inc owns and operates upscale casual restaurants under the Kona Grill brand name. As of December 31, 2017, it owned and operated 46 restaurants in 23 states of the United States and Puerto Rico; and 3 franchised restaurants in Mexico, the United Arab Emirates, and Canada. The company is based in Scottsdale, Arizona.

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The Fly

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