Kona Grill, Inc. (NASDAQ:KONA) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.17.
A number of equities analysts have issued reports on KONA shares. Telsey Advisory Group reduced their price target on shares of Kona Grill from $8.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, August 1st. ValuEngine lowered shares of Kona Grill from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Kona Grill in a research report on Monday, July 24th. Lake Street Capital reduced their price target on shares of Kona Grill from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Friday. Finally, Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th.
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Kona Grill (KONA) opened at $2.05 on Monday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.42 and a current ratio of 0.54. Kona Grill has a 1 year low of $1.50 and a 1 year high of $13.50.
Kona Grill (NASDAQ:KONA) last announced its quarterly earnings data on Thursday, November 9th. The restaurant operator reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.11). Kona Grill had a negative net margin of 15.32% and a negative return on equity of 55.38%. The company had revenue of $44.40 million during the quarter, compared to analysts’ expectations of $46.32 million. During the same period in the previous year, the business earned ($0.24) earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in shares of Kona Grill during the 2nd quarter worth approximately $159,000. Dimensional Fund Advisors LP grew its stake in shares of Kona Grill by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 357,547 shares of the restaurant operator’s stock worth $1,323,000 after purchasing an additional 33,717 shares during the period. LMR Partners LLP acquired a new stake in shares of Kona Grill during the 2nd quarter worth approximately $109,000. KCG Holdings Inc. acquired a new stake in shares of Kona Grill during the 1st quarter worth approximately $200,000. Finally, Renaissance Technologies LLC grew its stake in shares of Kona Grill by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 429,059 shares of the restaurant operator’s stock worth $2,703,000 after purchasing an additional 11,100 shares during the period. 48.36% of the stock is owned by institutional investors.
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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