Kona Grill Inc. (NASDAQ:KONA)’s share price dropped 5.4% on Tuesday . The stock traded as low as $10.70 and last traded at $10.96, with a volume of 68,547 shares changing hands. The stock had previously closed at $11.59.

KONA has been the subject of several research reports. Roth Capital initiated coverage on shares of Kona Grill in a research report on Thursday, July 7th. They set a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research lowered shares of Kona Grill from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Kona Grill has a consensus rating of “Buy” and a consensus target price of $21.13.

The company’s 50 day moving average price is $11.67 and its 200-day moving average price is $13.01. The stock’s market capitalization is $123.32 million.

Kona Grill (NASDAQ:KONA) last released its earnings results on Wednesday, May 4th. The company reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13). The company earned $39.30 million during the quarter, compared to the consensus estimate of $41.05 million. The company’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm posted ($0.08) EPS. On average, equities research analysts predict that Kona Grill Inc. will post ($0.50) EPS for the current fiscal year.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.