Kona Grill Inc. (NASDAQ:KONA)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.25 and last traded at $10.31, with a volume of 59,555 shares changing hands. The stock had previously closed at $10.93.

Separately, Zacks Investment Research downgraded shares of Kona Grill from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.00.

The firm’s market cap is $112.00 million. The firm has a 50-day moving average of $11.93 and a 200-day moving average of $13.40.

Kona Grill (NASDAQ:KONA) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The business earned $39.30 million during the quarter, compared to analysts’ expectations of $41.05 million. During the same quarter last year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, analysts anticipate that Kona Grill Inc. will post ($0.50) EPS for the current year.

An institutional investor recently raised its position in Kona Grill stock. Chartwell Investment Partners LLC boosted its stake in shares of Kona Grill Inc. (NASDAQ:KONA) by 10.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 480,348 shares of the company’s stock after buying an additional 44,145 shares during the period. Chartwell Investment Partners LLC owned about 4.26% of Kona Grill worth $7,618,000 at the end of the most recent quarter.

Kona Grill, Inc owns and operates polished casual dining restaurants under the name Kona Grill. The Company’s restaurants offer freshly prepared food, attentive service, and an upscale contemporary ambiance. The Company’s restaurants feature a selection of American dishes, as well as a variety of appetizers and entrees with an international influence, including a selection of sushi.

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