Kona Grill Inc. (KONA) Trading 2.9% Higher
Shares of Kona Grill Inc. (NASDAQ:KONA) traded up 2.9% during mid-day trading on Friday . The stock traded as high as $11.55 and last traded at $11.53, with a volume of 54,155 shares. The stock had previously closed at $11.20.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Kona Grill from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Roth Capital assumed coverage on shares of Kona Grill in a research note on Thursday, July 7th. They issued a “buy” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.13.
The company’s market cap is $129.26 million. The company has a 50-day moving average price of $11.69 and a 200 day moving average price of $13.07.
Kona Grill (NASDAQ:KONA) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). The company earned $39.30 million during the quarter, compared to the consensus estimate of $41.05 million. The business’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. On average, equities research analysts expect that Kona Grill Inc. will post ($0.50) earnings per share 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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