Shares of Kona Grill Inc (NASDAQ:KONA) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.17.

Several analysts have commented on KONA shares. Lake Street Capital dropped their target price on shares of Kona Grill from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Kona Grill from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Kona Grill from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st.

Shares of Kona Grill (NASDAQ:KONA) opened at $2.00 on Friday. Kona Grill has a 1 year low of $1.50 and a 1 year high of $13.50. The company has a current ratio of 0.54, a quick ratio of 0.42 and a debt-to-equity ratio of 2.07.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LMR Partners LLP bought a new stake in shares of Kona Grill in the 2nd quarter valued at $109,000. Goldman Sachs Group Inc. bought a new stake in shares of Kona Grill in the 2nd quarter valued at $159,000. Dimensional Fund Advisors LP increased its position in shares of Kona Grill by 18.6% in the 1st 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Kona Grill by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 429,059 shares of the restaurant operator’s stock worth $2,703,000 after purchasing an additional 11,100 shares during the period. Institutional investors and hedge funds own 37.21% of the company’s stock.

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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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