Kona Grill (KONA) Getting Somewhat Favorable Press Coverage, Analysis Shows
Headlines about Kona Grill (NASDAQ:KONA) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kona Grill earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 45.9887708953415 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research firms have recently issued reports on KONA. Lake Street Capital reaffirmed a “buy” rating and set a $5.00 target price (down previously from $9.00) on shares of Kona Grill in a report on Tuesday, August 1st. Telsey Advisory Group dropped their target price on shares of Kona Grill from $8.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, August 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Kona Grill in a report on Monday, July 24th. Zacks Investment Research raised shares of Kona Grill from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine lowered shares of Kona Grill from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Kona Grill currently has an average rating of “Hold” and an average price target of $6.67.
Shares of Kona Grill (KONA) opened at 3.15 on Friday. Kona Grill has a 12-month low of $1.50 and a 12-month high of $14.44. The stock’s market cap is $31.82 million. The stock’s 50 day moving average is $2.47 and its 200-day moving average is $4.67.
Kona Grill (NASDAQ:KONA) last announced its earnings results on Monday, July 31st. The restaurant operator reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.14. Kona Grill had a negative net margin of 14.98% and a negative return on equity of 39.42%. The company had revenue of $46.98 million for the quarter, compared to analysts’ expectations of $48.96 million. During the same period in the prior year, the company earned ($0.08) earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts anticipate that Kona Grill will post ($1.08) EPS for the current fiscal year.
In related news, insider Berke Bakay bought 60,000 shares of Kona Grill stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of $1.60 per share, with a total value of $96,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bbs Capital Fund Lp bought 50,000 shares of Kona Grill stock in a transaction dated Tuesday, June 6th. The shares were bought at an average cost of $3.65 per share, with a total value of $182,500.00. Following the completion of the acquisition, the insider now owns 92,602 shares of the company’s stock, valued at $337,997.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 160,100 shares of company stock valued at $365,439. 29.20% of the stock is currently owned by company insiders.
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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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