Shares of Kona Grill Inc. (NASDAQ:KONA) shot up 7.2% on Thursday . The stock traded as high as $10.79 and last traded at $10.71, with a volume of 99,120 shares traded. The stock had previously closed at $9.99.

Several research firms have weighed in on KONA. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Roth Capital began coverage on shares of Kona Grill in a research note on Thursday. They issued a “buy” rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.13.

The company’s 50-day moving average is $11.92 and its 200 day moving average is $13.38. The stock’s market capitalization is $120.52 million.

Kona Grill (NASDAQ:KONA) last posted its earnings results on Wednesday, May 4th. The company reported ($0.13) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The company had revenue of $39.30 million for the quarter, compared to analysts’ expectations of $41.05 million. The business’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. On average, analysts predict 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 shares of Kona Grill Inc. (NASDAQ:KONA) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 480,348 shares of the company’s stock after buying an additional 44,145 shares during the period. Chartwell Investment Partners LLC owned 4.26% of Kona Grill worth $7,618,000 as of its most recent SEC filing.

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.