Kona Grill Sets New 1-Year High on Analyst Upgrade (KONA)
Kona Grill (NASDAQ:KONA) hit a new 52-week high during trading on Wednesday after Imperial Capital raised their price target on the stock from $14.00 to $18.00, ARN reports. Imperial Capital currently has an in-line rating on the stock. Kona Grill traded as high as $19.20 and last traded at $19.03, with a volume of 72,064 shares traded. The stock had previously closed at $17.66.
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 $161.2 million and a price-to-earnings ratio of 56.97.
Kona Grill (NASDAQ:KONA) last issued its quarterly earnings data 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. On average, analysts predict that Kona Grill will post $0.41 earnings per share 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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