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Analysts at Raymond James started coverage on shares of Kona Grill (NASDAQ:KONA) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Shares of Kona Grill (NASDAQ:KONA) traded down 0.46% during mid-day trading on Monday, hitting $19.41. The stock had a trading volume of 58,122 shares. Kona Grill has a 52 week low of $10.87 and a 52 week high of $24.68. The stock’s 50-day moving average is $20.22 and its 200-day moving average is $18.98. The company has a market cap of $167.2 million and a P/E ratio of 88.24.

Kona Grill (NASDAQ:KONA) last released its earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $27.60 million for the quarter, compared to the consensus estimate of $27.20 million. On average, analysts predict that Kona Grill will post $0.26 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Kona Grill in a research note on Monday. They set a “neutral” rating and a $20.00 price target on the stock. Separately, analysts at Wunderlich initiated coverage on shares of Kona Grill in a research note on Monday. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at KeyCorp initiated coverage on shares of Kona Grill in a research note on Monday. They set a “buy” rating and a $24.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Kona Grill presently has a consensus rating of “Buy” and a consensus price target of $21.00.

In other Kona Grill news, Director James R. Jundt sold 100,000 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $17.58, for a total transaction of $1,758,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kona Grill, Inc owns and operates 23 upscale casual restaurants in 16 states. The Company’s restaurants offer freshly prepared food, attentive service, and an upscale contemporary ambiance.

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