Kona Grill (KONA) Receives Daily Media Sentiment Score of 0.10
News stories about Kona Grill (NASDAQ:KONA) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kona Grill earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 46.6680480197881 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Kona Grill (NASDAQ:KONA) opened at 4.15 on Thursday. The firm’s market cap is $41.92 million. Kona Grill has a 52-week low of $1.50 and a 52-week high of $14.44. The firm’s 50-day moving average price is $2.60 and its 200 day moving average price is $4.20.
Kona Grill (NASDAQ:KONA) last issued its earnings results on Monday, July 31st. The restaurant operator reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.14). Kona Grill had a negative return on equity of 39.42% and a negative net margin of 14.98%. The business had revenue of $46.98 million during the quarter, compared to the consensus estimate of $48.96 million. During the same period in the prior year, the business earned ($0.08) EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that Kona Grill will post ($1.08) earnings per share for the current year.
Several research firms have commented on KONA. ValuEngine downgraded Kona Grill from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Lake Street Capital reaffirmed a “buy” rating and set a $5.00 price objective (down from $9.00) on shares of Kona Grill in a research note on Tuesday, August 1st. Telsey Advisory Group reduced their price objective on Kona Grill from $8.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, August 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Kona Grill in a research note on Monday, July 24th. Finally, Zacks Investment Research raised Kona Grill from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Kona Grill presently has a consensus rating of “Hold” and an average price target of $6.67.
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In other Kona Grill news, Director James R. Jundt bought 21,100 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average price of $1.59 per share, with a total value of $33,549.00. Following the completion of the acquisition, the director now directly owns 696,611 shares of the company’s stock, valued at approximately $1,107,611.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Berke Bakay purchased 60,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $1.60 per share, for a total transaction of $96,000.00. The disclosure for this purchase can be found here. Insiders acquired 110,100 shares of company stock worth $182,939 in the last three months. 29.20% of the stock is currently owned by corporate insiders.
About Kona Grill
Kona Grill, Inc owns and operates upscale casual dining restaurants under the name Kona Grill. The Company owns and operates approximately 40 restaurants in 20 states throughout the United States and Puerto Rico. Its high-volume upscale casual restaurants feature a global menu of contemporary American favorites and sushi.
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