Kona Grill, Inc. (NASDAQ:KONA) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $12.00.

A number of research firms recently weighed in on KONA. ValuEngine lowered Kona Grill from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Wedbush restated an “outperform” rating and issued a $11.00 price target (up from $10.00) on shares of Kona Grill in a research note on Tuesday, May 9th. Finally, Telsey Advisory Group downgraded Kona Grill from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $13.00 to $8.00 in a research note on Tuesday, May 9th.

Kona Grill (KONA) opened at 3.05 on Tuesday. The firm’s market cap is $30.80 million. The stock has a 50 day moving average price of $3.90 and a 200-day moving average price of $6.99. Kona Grill has a one year low of $3.00 and a one year high of $14.44.

Kona Grill (NASDAQ:KONA) last announced its earnings results on Monday, May 8th. The restaurant operator reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.11. The firm had revenue of $45.20 million during the quarter, compared to analyst estimates of $46.96 million. Kona Grill had a negative net margin of 13.31% and a negative return on equity of 30.92%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) EPS. Analysts predict that Kona Grill will post ($0.81) EPS for the current fiscal year.

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 bought at an average price of $3.65 per share, with a total value of $182,500.00. Following the acquisition, the insider now owns 92,602 shares of the company’s stock, valued at $337,997.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 100,500 shares of company stock valued at $426,250 in the last three months. 29.20% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of KONA. Two Sigma Investments LP purchased a new position in shares of Kona Grill during the fourth quarter worth about $293,000. Engine Capital Management LLC purchased a new position in shares of Kona Grill during the first quarter worth about $189,000. KCG Holdings Inc. purchased a new position in shares of Kona Grill during the first quarter worth about $200,000. Russell Investments Group Ltd. purchased a new position in shares of Kona Grill during the fourth quarter worth about $581,000. Finally, Addison Clark Management L.L.C. boosted its position in shares of Kona Grill by 201.9% in the first quarter. Addison Clark Management L.L.C. now owns 215,840 shares of the restaurant operator’s stock worth $1,360,000 after buying an additional 144,340 shares during the last quarter. 62.90% of the stock is owned by institutional investors and hedge funds.

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Kona Grill Company Profile

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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