Kona Grill Inc. (NASDAQ:KONA) shares saw an uptick in trading volume on Wednesday . 245,038 shares changed hands during trading, an increase of 65% from the previous session’s volume of 148,778 shares.The stock last traded at $9.99 and had previously closed at $10.14.

Separately, Zacks Investment Research upgraded Kona Grill from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $22.00.

The stock has a 50 day moving average of $11.93 and a 200 day moving average of $13.40. The company’s market cap is $112.00 million.

Kona Grill (NASDAQ:KONA) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). During the same period in the prior year, the company earned ($0.08) earnings per share. The firm earned $39.30 million during the quarter, compared to analyst estimates of $41.05 million. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. Analysts expect that Kona Grill Inc. will post ($0.50) EPS for the current year.

A hedge fund recently raised its stake in Kona Grill stock. Chartwell Investment Partners LLC increased its stake in Kona Grill Inc. (NASDAQ:KONA) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,348 shares of the company’s stock after buying an additional 44,145 shares during the period. Chartwell Investment Partners LLC owned approximately 4.26% of Kona Grill worth $7,618,000 as of its most recent filing with the SEC.

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.