Shares of Kona Grill Inc (NASDAQ:KONA) have earned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.17.

KONA has been the topic of several recent research reports. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Lake Street Capital dropped their price target on shares of Kona Grill from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Finally, ValuEngine raised shares of Kona Grill from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st.

An institutional investor recently bought a new position in Kona Grill stock. Goldman Sachs Group Inc. bought a new position in shares of Kona Grill Inc (NASDAQ:KONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 42,991 shares of the restaurant operator’s stock, valued at approximately $159,000. Goldman Sachs Group Inc. owned approximately 0.43% of Kona Grill as of its most recent SEC filing. Institutional investors own 37.21% of the company’s stock.

Kona Grill (KONA) opened at $1.75 on Tuesday. Kona Grill has a 1 year low of $1.50 and a 1 year high of $13.10. The firm has a market cap of $17.68, a PE ratio of -0.66 and a beta of 0.19. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.54 and a quick ratio of 0.42.

Kona Grill (NASDAQ:KONA) last announced its quarterly earnings results on Thursday, November 9th. The restaurant operator reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.11). Kona Grill had a negative net margin of 15.32% and a negative return on equity of 55.38%. The business had revenue of $44.40 million during the quarter, compared to the consensus estimate of $46.32 million. During the same period in the previous year, the business posted ($0.24) EPS. Kona Grill’s revenue was up 2.3% compared to the same quarter last year.

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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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