Shares of Kona Grill, Inc. (NASDAQ:KONA) have earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.67.

Several analysts have issued reports on KONA shares. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine downgraded shares of Kona Grill from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Lake Street Capital reaffirmed a “buy” rating and issued a $5.00 price objective (down previously from $9.00) on shares of Kona Grill in a research report on Tuesday, August 1st. Telsey Advisory Group lowered their price objective on shares of Kona Grill from $8.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. downgraded shares of Kona Grill from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 12th.

Kona Grill (KONA) opened at 3.60 on Thursday. Kona Grill has a 52 week low of $1.50 and a 52 week high of $13.50. The company has a 50-day moving average of $3.73 and a 200-day moving average of $3.78. The stock’s market cap is $36.37 million.

Kona Grill (NASDAQ:KONA) last issued its quarterly earnings data on Monday, July 31st. The restaurant operator reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.14). Kona Grill had a negative net margin of 14.98% and a negative return on equity of 39.42%. The firm had revenue of $46.98 million during the quarter, compared to analyst estimates of $48.96 million. During the same period last year, the business earned ($0.08) EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Kona Grill will post ($1.13) EPS for the current fiscal year.

In related news, insider Berke Bakay purchased 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $1.60 per share, with a total value of $96,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Jundt purchased 21,100 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $1.59 per share, with a total value of $33,549.00. Following the transaction, the director now directly owns 696,611 shares of the company’s stock, valued at approximately $1,107,611.49. The disclosure for this purchase can be found here. Insiders have bought 110,100 shares of company stock valued at $182,939 in the last three months. Corporate insiders own 29.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in KONA. Dimensional Fund Advisors LP grew its position in shares of Kona Grill by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 323,830 shares of the restaurant operator’s stock worth $2,040,000 after buying an additional 50,686 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Kona Grill by 2.7% during the first quarter. Renaissance Technologies LLC now owns 429,059 shares of the restaurant operator’s stock worth $2,703,000 after buying an additional 11,100 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Kona Grill during the first quarter worth approximately $200,000. LMR Partners LLP acquired a new stake in shares of Kona Grill during the second quarter worth approximately $109,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Kona Grill during the second quarter worth approximately $159,000. 50.14% 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.

Analyst Recommendations for Kona Grill (NASDAQ:KONA)

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