Kona Grill Inc. (NASDAQ:KONA) shares dropped 2.3% on Thursday . The company 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.

KONA has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Kona Grill from a “hold” rating to a “sell” rating in a research note on Friday, April 15th. 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. Feltl & Co. upgraded shares of Kona Grill from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. 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. Finally, Roth Capital assumed 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.29.

The stock has a 50 day moving average price of $11.43 and a 200-day moving average price of $12.70. The company’s market capitalization is $124.50 million.

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