Kona Grill Inc. (NASDAQ:KONA)’s share price rose 3.3% on Tuesday . The company traded as high as $13.38 and last traded at $13.33, with a volume of 100,785 shares traded. The stock had previously closed at $12.91.

KONA has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Roth Capital initiated coverage on shares of Kona Grill in a research note on Thursday, July 7th. They set a “buy” rating and a $15.00 price target on the stock. Feltl & Co. raised shares of Kona Grill from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Wedbush cut their price target on shares of Kona Grill from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. cut their price target on shares of Kona Grill from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.29.

The firm’s 50 day moving average price is $11.72 and its 200-day moving average price is $12.52. The stock’s market capitalization is $139.38 million.

Kona Grill (NASDAQ:KONA) last released its 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 firm had revenue of $43.30 million for the quarter, compared to analyst estimates of $45.41 million. Kona Grill’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, equities research analysts anticipate that Kona Grill Inc. will post ($0.54) earnings per share 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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