Kona Grill Inc. (NASDAQ:KONA) saw strong trading volume on Wednesday . 186,832 shares traded hands during trading, an increase of 49% from the previous session’s volume of 125,180 shares.The stock last traded at $11.75 and had previously closed at $11.88.

Several research analysts have recently commented on the company. Oppenheimer Holdings Inc. reduced their price target on Kona Grill from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Zacks Investment Research lowered Kona Grill from a “hold” rating to a “sell” rating in a report on Friday, April 15th. Feltl & Co. upgraded Kona Grill from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Roth Capital assumed coverage on Kona Grill in a report on Thursday, July 7th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Wedbush reduced their price target on Kona Grill from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. 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. The stock has an average rating of “Buy” and an average target price of $19.29.

The stock has a 50 day moving average price of $11.44 and a 200 day moving average price of $12.74. The firm’s market capitalization is $132.50 million.

Kona Grill (NASDAQ:KONA) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.08) earnings per share 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. Kona Grill’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. On average, analysts predict that Kona Grill Inc. will post ($0.54) earnings per share 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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