Kona Grill, Inc. (NASDAQ:KONA) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.75.

Several equities research analysts have issued reports on KONA shares. Feltl & Co. cut shares of Kona Grill from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 28th. Telsey Advisory Group cut shares of Kona Grill from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $13.00 to $8.00 in a research report on Tuesday, May 9th. Wedbush reissued an “outperform” rating and issued a $11.00 price objective (up from $10.00) on shares of Kona Grill in a research report on Tuesday, May 9th. Finally, ValuEngine cut shares of Kona Grill from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.

Shares of Kona Grill (NASDAQ KONA) traded down 2.86% during mid-day trading on Friday, reaching $3.40. 61,781 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $4.43 and a 200 day moving average price of $7.63. Kona Grill has a 12-month low of $3.33 and a 12-month high of $14.44. The firm’s market capitalization is $34.33 million.

Kona Grill (NASDAQ:KONA) last released its quarterly earnings data on Monday, May 8th. The restaurant operator reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.11. The company had revenue of $45.20 million during the quarter, compared to analysts’ expectations of $46.96 million. Kona Grill had a negative net margin of 13.31% and a negative return on equity of 30.92%. Kona Grill’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. Analysts anticipate that Kona Grill will post ($0.82) EPS for the current fiscal year.

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In other Kona Grill news, major shareholder Bbs Capital Fund Lp purchased 50,000 shares of the stock in a transaction dated Tuesday, June 6th. The stock was purchased at an average price of $3.65 per share, with a total value of $182,500.00. Following the transaction, the insider now owns 92,602 shares of the company’s stock, valued at $337,997.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 101,000 shares of company stock valued at $429,250 in the last ninety days. Corporate insiders own 29.20% of the company’s stock.

Large investors have recently made changes to their positions in the company. Engine Capital Management LLC acquired a new stake in shares of Kona Grill during the first quarter valued at $189,000. KCG Holdings Inc. acquired a new stake in shares of Kona Grill during the first quarter valued at $200,000. Two Sigma Investments LP acquired a new stake in shares of Kona Grill during the fourth quarter valued at $293,000. Geode Capital Management LLC boosted its stake in shares of Kona Grill by 3.3% in the first quarter. Geode Capital Management LLC now owns 69,773 shares of the restaurant operator’s stock valued at $439,000 after buying an additional 2,227 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Kona Grill during the fourth quarter valued at $581,000. 64.05% of the stock is owned by hedge funds and other 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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