Kona Grill (KONA) Reaches New 12-Month Low at $1.45

Kona Grill Inc (NASDAQ:KONA) hit a new 52-week low on Thursday . The stock traded as low as $1.45 and last traded at $1.50, with a volume of 100 shares traded. The stock had previously closed at $1.55.

Several brokerages have recently weighed in on KONA. Lake Street Capital upped their price target on shares of Kona Grill to $5.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. ValuEngine raised shares of Kona Grill from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th.

The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 11.39.

Kona Grill (NASDAQ:KONA) last posted its earnings results on Thursday, November 8th. The restaurant operator reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.23). Kona Grill had a negative net margin of 12.77% and a negative return on equity of 239.30%. The firm had revenue of $37.44 million for the quarter.

An institutional investor recently raised its position in Kona Grill stock. Renaissance Technologies LLC boosted its position 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 fund owned 831,859 shares of the restaurant operator’s stock after acquiring an additional 29,700 shares during the period. Renaissance Technologies LLC owned 6.27% of Kona Grill worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission. 12.78% of the stock is owned by institutional investors.

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Kona Grill Company Profile (NASDAQ:KONA)

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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