ValuEngine upgraded shares of Kona Grill (NASDAQ:KONA) from a strong sell rating to a sell rating in a report released on Thursday.

Separately, Lake Street Capital lowered their price objective on shares of Kona Grill from $5.00 to $3.50 and set a buy rating on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $6.17.

Kona Grill (NASDAQ:KONA) opened at $1.95 on Thursday. Kona Grill has a 1 year low of $1.50 and a 1 year high of $6.50. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.54 and a quick ratio of 0.42.

A hedge fund recently bought a new stake in Kona Grill stock. Goldman Sachs Group Inc. bought a new stake in Kona Grill Inc (NASDAQ:KONA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,991 shares of the restaurant operator’s stock, valued at approximately $159,000. Goldman Sachs Group Inc. owned about 0.43% of Kona Grill as of its most recent SEC filing. 19.77% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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