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

KONA has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Kona Grill from a “hold” rating to a “sell” rating in a research report on Friday, April 15th. Oppenheimer Holdings Inc. dropped their target price 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. Feltl & Co. raised shares of Kona Grill from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 28th. Wedbush dropped their target price 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. Finally, Roth Capital initiated coverage on shares of Kona Grill in a research report on Thursday, July 7th. They issued a “buy” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.29.

The company’s market capitalization is $131.40 million. The company has a 50 day moving average of $11.47 and a 200-day moving average of $12.85.

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