Kona Grill (KONA) Announces Quarterly Earnings Results

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

Shares of NASDAQ:KONA traded down $0.16 during midday trading on Friday, reaching $1.82. The company’s stock had a trading volume of 162,676 shares, compared to its average volume of 15,933. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 4.15. Kona Grill has a 1 year low of $1.46 and a 1 year high of $3.00.

A hedge fund recently raised its stake in Kona Grill stock. Renaissance Technologies LLC increased its holdings in Kona Grill Inc (NASDAQ:KONA) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 831,859 shares of the restaurant operator’s stock after purchasing 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 SEC filing. Institutional investors and hedge funds own 12.97% of the company’s stock.

KONA has been the subject of several recent research reports. ValuEngine raised Kona Grill from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Lake Street Capital lifted their price objective on Kona Grill to $5.00 and gave the company a “buy” rating in a research report on Friday, August 10th.

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About Kona Grill

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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