Kona Grill, Inc. (NASDAQ:KONA) Director James R. Jundt acquired 21,100 shares of the stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $1.59 per share, with a total value of $33,549.00. Following the completion of the transaction, the director now owns 696,611 shares in the company, valued at $1,107,611.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kona Grill, Inc. (KONA) traded up 20.00% during midday trading on Wednesday, hitting $2.10. 592,705 shares of the stock traded hands. The company’s 50-day moving average is $3.09 and its 200 day moving average is $5.45. Kona Grill, Inc. has a 12-month low of $1.70 and a 12-month high of $14.44. The firm’s market cap is $21.21 million.

Kona Grill (NASDAQ:KONA) last announced its earnings results on Monday, July 31st. The restaurant operator reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.14. The company had revenue of $46.98 million for the quarter, compared to analysts’ expectations of $48.96 million. Kona Grill had a negative return on equity of 39.42% and a negative net margin of 14.98%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. On average, analysts anticipate that Kona Grill, Inc. will post ($1.08) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in Kona Grill by 2.7% in the first quarter. Renaissance Technologies LLC now owns 429,059 shares of the restaurant operator’s stock valued at $2,703,000 after buying an additional 11,100 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kona Grill by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 323,830 shares of the restaurant operator’s stock valued at $2,040,000 after buying an additional 50,686 shares during the last quarter. Addison Clark Management L.L.C. raised its position in 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 valued at $1,360,000 after buying an additional 144,340 shares during the last quarter. KCG Holdings Inc. acquired a new position in Kona Grill during the first quarter valued at approximately $200,000. Finally, Engine Capital Management LLC acquired a new position in Kona Grill during the first quarter valued at approximately $189,000. 58.70% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on KONA shares. Lake Street Capital reissued a “buy” rating and issued a $5.00 price objective (down from $9.00) on shares of Kona Grill in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. 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. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Kona Grill in a research report on Monday, July 24th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Kona Grill presently has an average rating of “Hold” and an average target price of $6.67.

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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