Kona Grill Inc (KONA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of Kona Grill Inc (NASDAQ:KONA) by 21.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 214,468 shares of the restaurant operator’s stock after selling 58,920 shares during the period. Dimensional Fund Advisors LP owned approximately 1.62% of Kona Grill worth $504,000 at the end of the most recent reporting period.

Several analysts have weighed in on the stock. Lake Street Capital boosted their target price on shares of Kona Grill to $5.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. ValuEngine raised shares of Kona Grill from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th.

KONA stock opened at $1.83 on Wednesday. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.53 and a current ratio of 0.66. Kona Grill Inc has a 12 month low of $1.55 and a 12 month high of $3.40.

Kona Grill (NASDAQ:KONA) last released its quarterly earnings data on Thursday, August 9th. The restaurant operator reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.05. The business had revenue of $42.35 million for the quarter. Kona Grill had a negative net margin of 11.21% and a negative return on equity of 114.10%.

Kona Grill Company Profile

Kona Grill, Inc owns and operates upscale casual restaurants under the Kona Grill brand name. As of December 31, 2017, it owned and operated 46 restaurants in 23 states of the United States and Puerto Rico; and 3 franchised restaurants in Mexico, the United Arab Emirates, and Canada. The company is based in Scottsdale, Arizona.

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