Kona Grill, Inc. (NASDAQ:KONA) Director James R. Jundt acquired 21,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $1.59 per share, for a total transaction of $33,390.00. Following the completion of the acquisition, the director now owns 696,611 shares of the company’s stock, valued at $1,107,611.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kona Grill, Inc. (NASDAQ KONA) traded up 20.00% during trading on Wednesday, reaching $2.10. 592,705 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $2.94 and its 200-day moving average price is $5.37. Kona Grill, Inc. has a one year low of $1.50 and a one year high of $14.44. The stock’s market cap is $21.21 million.

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

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Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Kona Grill by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,144 shares of the restaurant operator’s stock valued at $3,428,000 after buying an additional 5,216 shares in the last quarter. Addison Clark Management L.L.C. raised its stake 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 in the last quarter. Renaissance Technologies LLC raised its stake 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 in the last quarter. KCG Holdings Inc. acquired a new stake in Kona Grill during the first quarter valued at approximately $200,000. Finally, Engine Capital Management LLC acquired a new stake in Kona Grill during the first quarter valued at approximately $189,000. Institutional investors and hedge funds own 58.70% of the company’s stock.

KONA has been the topic of several recent analyst reports. Raymond James Financial, Inc. downgraded shares of Kona Grill from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 12th. Telsey Advisory Group downgraded shares of Kona Grill from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $13.00 to $8.00 in a report on Tuesday, May 9th. Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective (up from $10.00) on shares of Kona Grill in a report on Tuesday, May 9th. ValuEngine downgraded shares of Kona Grill from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One 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’s stock. Kona Grill currently has an average rating of “Hold” and an average price target of $6.67.

About Kona Grill

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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