Kona Grill Price Target Raised to $18.00 at Imperial Capital (KONA)
Equities researchers at Imperial Capital hoisted their target price on shares of Kona Grill (NASDAQ:KONA) from $14.00 to $18.00 in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price would indicate a potential upside of 2.74% from the stock’s previous close.
Shares of Kona Grill (NASDAQ:KONA) traded up 0.80% on Tuesday, hitting $17.66. 34,663 shares of the company’s stock traded hands. Kona Grill has a 1-year low of $8.39 and a 1-year high of $18.91. The stock has a 50-day moving average of $16.28 and a 200-day moving average of $14.42. The company has a market cap of $151.8 million and a price-to-earnings ratio of 56.52.
Kona Grill (NASDAQ:KONA) last announced its earnings results on Thursday, February 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $24.50 million for the quarter, compared to the consensus estimate of $24.46 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Kona Grill will post $0.41 EPS for the current fiscal year.
Kona Grill, Inc (NASDAQ:KONA) owns and operates 24 upscale casual dining restaurants in 15 states, in the United States.
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