Kona Grill Inc. (NASDAQ:KONA) traded up 15.4% during trading on Thursday . The stock traded as high as $12.49 and last traded at $12.32, with a volume of 361,216 shares. The stock had previously closed at $10.68.

KONA has been the topic of several recent research reports. Zacks Investment Research upgraded Kona Grill from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. Feltl & Co. upgraded Kona Grill from a “buy” rating to a “strong-buy” rating in a report on Thursday. Wedbush lowered their target price on Kona Grill from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday. Oppenheimer Holdings Inc. lowered their target price on Kona Grill from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Roth Capital initiated coverage on Kona Grill in a report on Thursday, July 7th. They set a “buy” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.38.

The company has a 50-day moving average price of $11.54 and a 200-day moving average price of $12.97. The stock’s market cap is $140.92 million.

Kona Grill (NASDAQ:KONA) last issued its earnings results on Wednesday, July 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. The business had revenue of $43.30 million for the quarter, compared to the consensus estimate of $45.41 million. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. On average, equities 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.

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