ValuEngine upgraded shares of Kona Grill (NASDAQ:KONA) from a strong sell rating to a sell rating in a research report report published on Friday.
A number of other brokerages have also weighed in on KONA. Lake Street Capital reduced their price target on Kona Grill from $5.00 to $3.50 and set a buy rating on the stock in a research note on Friday, November 10th. Zacks Investment Research raised Kona Grill from a sell rating to a hold rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Kona Grill currently has an average rating of Hold and a consensus price target of $6.17.
Shares of Kona Grill (KONA) traded down $0.05 during trading on Friday, hitting $2.12. The company’s stock had a trading volume of 119,700 shares, compared to its average volume of 144,212. Kona Grill has a one year low of $1.50 and a one year high of $13.50. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.42 and a current ratio of 0.54.
Kona Grill (NASDAQ:KONA) last issued its quarterly earnings results on Thursday, November 9th. The restaurant operator reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). Kona Grill had a negative return on equity of 55.38% and a negative net margin of 15.32%. The business 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 earned ($0.24) EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the business. LMR Partners LLP purchased a new position in shares of Kona Grill during the 2nd quarter worth $109,000. Goldman Sachs Group Inc. purchased a new position in shares of Kona Grill in the 2nd quarter worth $159,000. KCG Holdings Inc. purchased a new position in shares of Kona Grill in the 1st quarter worth $200,000. Dimensional Fund Advisors LP raised its position in shares of Kona Grill by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 357,547 shares of the restaurant operator’s stock worth $1,323,000 after buying an additional 33,717 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of 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 buying an additional 11,100 shares during the period. 37.21% of the stock is currently owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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