Kona Grill Inc (KONA) Announces Earnings Results

Kona Grill Inc (NASDAQ:KONA) released its earnings results on Monday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by $0.06. Kona Grill had a negative return on equity of 12.30% and a negative net margin of 4.30%. The firm earned $43.60 million during the quarter, compared to analysts’ expectations of $45.72 million. During the same period in the prior year, the business earned ($0.18) earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year.

Kona Grill (NASDAQ:KONA) traded up 4.63% during trading on Friday, hitting $5.65. The stock had a trading volume of 262,177 shares. Kona Grill has a 52-week low of $5.40 and a 52-week high of $14.44. The company has a 50-day moving average price of $7.21 and a 200-day moving average price of $10.60. The company’s market cap is $56.96 million.

Earnings History for Kona Grill (NASDAQ:KONA)

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Kona Grill from a “hold” rating to a “sell” rating in a research report on Tuesday, January 24th. Wedbush decreased their target price on Kona Grill from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, February 28th. Finally, Feltl & Co. downgraded Kona Grill from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $14.33.

Several hedge funds have recently modified their holdings of KONA. Royal Bank of Canada increased its stake in Kona Grill by 0.5% in the second quarter. Royal Bank of Canada now owns 1,113,222 shares of the company’s stock valued at $11,934,000 after buying an additional 5,964 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in Kona Grill by 76.0% in the third quarter. Penn Capital Management Co. Inc. now owns 505,961 shares of the company’s stock valued at $6,360,000 after buying an additional 218,521 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kona Grill by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,144 shares of the company’s stock valued at $3,428,000 after buying an additional 5,216 shares during the last quarter. Granite Investment Partners LLC increased its stake in Kona Grill by 6.3% in the third quarter. Granite Investment Partners LLC now owns 198,514 shares of the company’s stock valued at $2,496,000 after buying an additional 11,823 shares during the last quarter. Finally, Tygh Capital Management Inc. bought a new stake in Kona Grill during the third quarter valued at $2,169,000. 76.35% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was reported by Web Breaking News and is the sole property of of Web Breaking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at http://www.webbreakingnews.com/2017/02/28/kona-grill-inc-kona-issues-earnings-results.html.

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.

5 Day Chart for NASDAQ:KONA

Receive News & Ratings for Kona Grill Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kona Grill Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.