Kona Grill Inc. (NASDAQ:KONA) traded down 2.7% during trading on Thursday . The company traded as low as $12.00 and last traded at $12.10, with a volume of 65,879 shares. The stock had previously closed at $12.44.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Kona Grill from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Feltl & Co. upgraded shares of Kona Grill from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 28th. Wedbush reduced their price objective on shares of Kona Grill from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, July 28th. Oppenheimer Holdings Inc. reduced their price objective on shares of Kona Grill from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, July 28th. Finally, Roth Capital assumed 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 on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.38.

The firm has a 50 day moving average of $11.50 and a 200 day moving average of $12.86. The firm’s market cap is $132.28 million.

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