Kona Grill Inc. (NASDAQ:KONA)’s share price shot up 7.2% during trading on Thursday . The company traded as high as $10.79 and last traded at $10.71, with a volume of 99,120 shares. The stock had previously closed at $9.99.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Kona Grill from a “hold” rating to a “sell” rating in a report on Friday, April 15th. Roth Capital began coverage on Kona Grill in a report on Thursday. They issued a “buy” rating and a $15.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $21.13.

The company’s market cap is $122.98 million. The company has a 50-day moving average price of $11.92 and a 200-day moving average price of $13.35.

Kona Grill (NASDAQ:KONA) last announced its earnings results on Wednesday, May 4th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). During the same quarter in the previous year, the firm earned ($0.08) EPS. The business earned $39.30 million during the quarter, compared to analysts’ expectations of $41.05 million. Kona Grill’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts forecast that Kona Grill Inc. will post ($0.50) earnings per share for the current year.

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

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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