Kona Grill (KONA) Receives Media Sentiment Rating of -0.07
News articles about Kona Grill (NASDAQ:KONA) have been trending somewhat negative recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kona Grill earned a media sentiment score of -0.07 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 47.0622198069087 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
KONA has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine downgraded shares of Kona Grill from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Lake Street Capital cut their price target on shares of Kona Grill from $5.00 to $3.50 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, Telsey Advisory Group cut their price target on shares of Kona Grill from $8.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, August 1st. 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 stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.17.
Shares of Kona Grill (KONA) traded down $0.25 during midday trading on Friday, reaching $2.00. 266,170 shares of the company’s stock were exchanged, compared to its average volume of 70,705. Kona Grill has a 52 week low of $1.50 and a 52 week high of $13.50. 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 posted its quarterly earnings data on Thursday, November 9th. The restaurant operator reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $44.40 million for the quarter, compared to analysts’ expectations of $46.32 million. During the same period in the prior year, the company posted ($0.24) earnings per share. Kona Grill’s quarterly revenue was up 2.3% compared to the same quarter last year.
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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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