Kona Grill (KONA) Upgraded at ValuEngine

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Kona Grill (NASDAQ:KONA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Lake Street Capital boosted their price target on Kona Grill to $5.00 and gave the company a “buy” rating in a research note on Friday, August 10th.

Kona Grill stock opened at $2.50 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 4.15. Kona Grill has a fifty-two week low of $1.55 and a fifty-two week high of $5.00.

Kona Grill (NASDAQ:KONA) last posted its quarterly earnings results on Thursday, August 9th. The restaurant operator reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.05. The business had revenue of $42.35 million for the quarter. Kona Grill had a negative return on equity of 114.10% and a negative net margin of 11.21%.

An institutional investor recently raised its position in Kona Grill stock. Renaissance Technologies LLC raised its position in shares of Kona Grill Inc (NASDAQ:KONA) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 831,859 shares of the restaurant operator’s stock after purchasing an additional 29,700 shares during the quarter. Renaissance Technologies LLC owned 6.27% of Kona Grill worth $1,955,000 at the end of the most recent reporting period. 12.97% of the stock is owned by hedge funds and other institutional investors.

Kona Grill Company Profile

Kona Grill, Inc owns and operates upscale casual restaurants under the Kona Grill brand name. As of December 31, 2017, it owned and operated 46 restaurants in 23 states of the United States and Puerto Rico; and 3 franchised restaurants in Mexico, the United Arab Emirates, and Canada. The company is based in Scottsdale, Arizona.

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

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