Kona Grill Inc. (NASDAQ:KONA) had its price objective reduced by equities researchers at Oppenheimer Holdings Inc. from $20.00 to $17.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. Oppenheimer Holdings Inc.’s target price suggests a potential upside of 21.69% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Roth Capital initiated coverage on Kona Grill in a report on Thursday, July 7th. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research downgraded Kona Grill from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Wedbush decreased their price objective on Kona Grill from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Finally, Feltl & Co. raised Kona Grill from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $19.29.
Shares of Kona Grill (NASDAQ:KONA) traded up 0.29% during midday trading on Thursday, reaching $13.97. 73,945 shares of the company traded hands. The stock’s 50-day moving average is $12.70 and its 200-day moving average is $12.49. Kona Grill has a 1-year low of $9.90 and a 1-year high of $20.27. The stock’s market capitalization is $146.41 million.
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Kona Grill (NASDAQ:KONA) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. The business earned $43.30 million during the quarter, compared to analyst estimates of $45.41 million. Kona Grill had a negative net margin of 3.81% and a negative return on equity of 9.54%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. Equities analysts predict that Kona Grill will post ($0.54) EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Kona Grill by 5.6% in the second quarter. Vanguard Group Inc. now owns 318,414 shares of the company’s stock valued at $3,413,000 after buying an additional 16,822 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kona Grill by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 271,728 shares of the company’s stock valued at $2,913,000 after buying an additional 47,102 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Kona Grill during the second quarter valued at $1,327,000. Emerald Mutual Fund Advisers Trust increased its stake in shares of Kona Grill by 13.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 410,040 shares of the company’s stock valued at $4,396,000 after buying an additional 50,000 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Kona Grill by 1.8% in the first quarter. Royal Bank of Canada now owns 1,107,258 shares of the company’s stock valued at $14,339,000 after buying an additional 19,617 shares in the last quarter. 80.89% of the stock is owned by hedge funds and other institutional investors.
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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