Kona Grill (KONA) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Kona Grill (NASDAQ:KONA) from a strong sell rating to a sell rating in a report released on Friday morning.

Other analysts also recently issued research reports about the stock. Lake Street Capital reduced their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $6.17.

Shares of Kona Grill (KONA) opened at $2.15 on Friday. 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 has a 12-month low of $1.50 and a 12-month high of $13.50.

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

Hedge funds have recently added to or reduced their stakes in the stock. LMR Partners LLP purchased a new stake in Kona Grill in the 2nd quarter valued at $109,000. KCG Holdings Inc. purchased a new stake in Kona Grill in the 1st quarter valued at $200,000. Goldman Sachs Group Inc. purchased a new stake in Kona Grill in the 2nd quarter valued at $159,000. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 50,686 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Kona Grill by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 429,059 shares of the restaurant operator’s stock valued at $2,703,000 after purchasing an additional 11,100 shares during the last quarter. Hedge funds and other institutional investors own 37.21% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Kona Grill (NASDAQ:KONA)

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