Shares of Kona Grill Inc. (NASDAQ:KONA) fell 2.3% during trading on Thursday . The stock traded as low as $11.84 and last traded at $11.84, with a volume of 192,313 shares changing hands. The stock had previously closed at $12.12.

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

The company’s market capitalization is $129.54 million. The firm’s 50-day moving average is $11.44 and its 200-day moving average is $12.73.

Kona Grill (NASDAQ:KONA) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.03. The company had revenue of $43.30 million for the quarter, compared to analyst estimates of $45.41 million. During the same quarter in the prior year, the business posted $0.01 EPS. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. Equities research analysts forecast 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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