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

A number of research firms have recently commented on KONA. Oppenheimer Holdings Inc. cut their price objective on shares of Kona Grill from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday. Wedbush cut their price objective on shares of Kona Grill from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday. Feltl & Co. upgraded shares of Kona Grill from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Kona Grill from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, Roth Capital began coverage on shares of Kona Grill in a research report on Thursday, July 7th. They issued a “buy” rating and a $15.00 price objective for the company. One equities research 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. The company currently has a consensus rating of “Buy” and an average price target of $20.38.

The firm’s 50 day moving average price is $11.51 and its 200 day moving average price is $12.94. The company’s market cap is $136.65 million.

Kona Grill (NASDAQ:KONA) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The firm had revenue of $43.30 million for the quarter, compared to analysts’ expectations of $45.41 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. On average, analysts anticipate that Kona Grill Inc. will post ($0.54) 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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