Kona Grill Inc. (NASDAQ:KONA) shares shot up 2.1% during trading on Wednesday . The stock traded as high as $13.40 and last traded at $13.29, with a volume of 151,335 shares changing hands. The stock had previously closed at $13.02.

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

The firm has a 50 day moving average price of $12.16 and a 200-day moving average price of $12.51. The company’s market capitalization is $139.28 million.

Kona Grill (NASDAQ:KONA) last released 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. During the same period last year, the firm posted $0.01 earnings per share. The firm earned $43.30 million during the quarter, compared to the consensus estimate of $45.41 million. The firm’s revenue was up 19.6% on a year-over-year basis. On average, analysts expect 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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