Kona Grill Inc. (NASDAQ:KONA)’s share price shot up 6.9% during trading on Monday . The company traded as high as $12.71 and last traded at $12.70, with a volume of 60,203 shares trading hands. The stock had previously closed at $11.88.

A number of brokerages recently commented on KONA. Oppenheimer Holdings Inc. dropped their price target on Kona Grill from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th. Zacks Investment Research raised Kona Grill from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Feltl & Co. raised Kona Grill from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Roth Capital began coverage on Kona Grill in a research note on Thursday, July 7th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Wedbush lowered their price objective on Kona Grill from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Kona Grill currently has an average rating of “Buy” and an average target price of $19.29.

The firm has a 50 day moving average of $11.46 and a 200 day moving average of $12.62. The firm’s market cap is $132.68 million.

Kona Grill (NASDAQ:KONA) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ 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 period in the previous year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. 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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