Kona Grill (KONA) Issues Earnings Results

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Kona Grill (NASDAQ:KONA) released its quarterly earnings data on Thursday. The restaurant operator reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.23), Morningstar.com reports. Kona Grill had a negative net margin of 11.21% and a negative return on equity of 114.10%. The firm had revenue of $37.44 million during the quarter.

KONA traded down $0.16 on Friday, reaching $1.82. The stock had a trading volume of 162,676 shares, compared to its average volume of 15,933. Kona Grill has a 12-month low of $1.46 and a 12-month high of $3.00. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 4.15.

An institutional investor recently raised its position in Kona Grill stock. Renaissance Technologies LLC lifted its stake in shares of Kona Grill Inc (NASDAQ:KONA) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 831,859 shares of the restaurant operator’s stock after purchasing an additional 29,700 shares during the period. Renaissance Technologies LLC owned about 6.27% of Kona Grill worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission. 12.97% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on KONA shares. ValuEngine raised shares of Kona Grill from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Lake Street Capital lifted their price objective on shares of Kona Grill to $5.00 and gave the company a “buy” rating in a report on Friday, August 10th.

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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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Earnings History for Kona Grill (NASDAQ:KONA)

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