Kona Grill, Inc. (NASDAQ:KONA) Director James R. Jundt bought 21,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $1.59 per share, with a total value of $33,390.00. Following the completion of the transaction, the director now owns 696,611 shares of the company’s stock, valued at $1,107,611.49. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Kona Grill, Inc. (NASDAQ KONA) traded down 4.76% during midday trading on Thursday, reaching $2.00. 239,012 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $2.81 and a 200-day moving average of $5.19. The stock’s market capitalization is $20.20 million. Kona Grill, Inc. has a 12-month low of $1.50 and a 12-month high of $14.44.
Kona Grill (NASDAQ:KONA) last posted its quarterly earnings data on Monday, July 31st. The restaurant operator reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.14. The business had revenue of $46.98 million during the quarter, compared to analysts’ expectations of $48.96 million. Kona Grill had a negative return on equity of 39.42% and a negative net margin of 14.98%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. Analysts anticipate that Kona Grill, Inc. will post ($1.08) EPS for the current fiscal year.
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KONA has been the subject of several recent research reports. Lake Street Capital reissued a “buy” rating and set a $5.00 target price (down from $9.00) on shares of Kona Grill in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Telsey Advisory Group reduced their price objective on shares of Kona Grill from $8.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, August 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Kona Grill in a research report on Monday, July 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $11.00 price objective (up from $10.00) on shares of Kona Grill in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Kona Grill presently has a consensus rating of “Hold” and a consensus price target of $6.67.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Kona Grill by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,144 shares of the restaurant operator’s stock worth $3,428,000 after buying an additional 5,216 shares during the last quarter. Renaissance Technologies LLC increased its position in Kona Grill by 2.7% in the first 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 last quarter. LMR Partners LLP acquired a new position in Kona Grill during the second quarter worth about $109,000. Engine Capital Management LLC acquired a new position in Kona Grill during the first quarter worth about $189,000. Finally, KCG Holdings Inc. acquired a new position in Kona Grill during the first quarter worth about $200,000. 58.70% of the stock is currently owned by institutional investors.
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.
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