Price Don’t Lie: What’s Propelling Kona Grill Inc to Increase So Much?

Price Don't Lie: What's Propelling Kona Grill Inc to Increase So Much?

The stock of Kona Grill Inc (NASDAQ:KONA) is a huge mover today! The stock increased 4.76% or $0.55 on November 23, hitting $12.1. About 63,139 shares traded hands. Kona Grill Inc (NASDAQ:KONA) has declined 14.06% since April 22, 2016 and is downtrending. It has underperformed by 19.47% the S&P500.
The move comes after 6 months positive chart setup for the $123.81M company. It was reported on Nov, 24 by Barchart.com. We have $12.71 PT which if reached, will make NASDAQ:KONA worth $6.19 million more.

Analysts await Kona Grill Inc (NASDAQ:KONA) to report earnings on March, 7. They expect $-0.24 earnings per share, down 33.33% or $0.06 from last year’s $-0.18 per share. After $-0.24 actual earnings per share reported by Kona Grill Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Kona Grill Inc (NASDAQ:KONA) Ratings Coverage

Out of 6 analysts covering Kona Grill (NASDAQ:KONA), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Kona Grill has been the topic of 9 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Kona Grill Inc (NASDAQ:KONA) earned “Outperform” rating by Wedbush on Friday, October 28. Oppenheimer maintained the shares of KONA in a report on Friday, July 31 with “Outperform” rating. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, November 3. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Thursday, September 29. The rating was maintained by Oppenheimer with “Outperform” on Friday, August 14. The stock of Kona Grill Inc (NASDAQ:KONA) has “Market Perform” rating given on Tuesday, September 29 by Telsey Advisory Group. The rating was upgraded by Telsey Advisory to “Outperform” on Friday, February 5.

According to Zacks Investment Research, “Kona Grill owns and operates restaurants in Scottsdale, Ariz.; Chandler, Ariz.; Kansas City, Mo.; Las Vegas, Nev.; Denver, Colo.; Omaha, Neb.; Carmel, Ind.; and Sugar Land (Houston), Texas. Kona Grill restaurants offer freshly prepared food, personalized service, and a warm, contemporary ambiance that creates an exceptional, yet affordable, dining experience. Kona Grill restaurants serve a diverse selection of mainstream American dishes as well as a variety of appetizers and entrees with an international influence.”

Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.50, from 0.92 in 2016Q1. The ratio improved, as 6 funds sold all Kona Grill Inc shares owned while 19 reduced positions. 4 funds bought stakes while 19 increased positions. They now own 8.21 million shares or 2.52% less from 8.42 million shares in 2016Q1.
The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Kona Grill Inc (NASDAQ:KONA). Moreover, Waddell And Reed Financial has 0.01% invested in Kona Grill Inc (NASDAQ:KONA) for 294,800 shares. Emerald Advisers Incorporated Pa holds 19,633 shares or 0.01% of its portfolio. Blackrock Mngmt Limited Liability Corporation has 34,110 shares for 0% of their US portfolio. Morgan Stanley holds 10,930 shares or 0% of its portfolio. Bancorporation Of America De owns 15,074 shares or 0% of their US portfolio. California State Teachers Retirement Systems holds 0% of its portfolio in Kona Grill Inc (NASDAQ:KONA) for 17,480 shares. Geode Capital Management Limited Liability Company reported 65,847 shares or 0% of all its holdings. Us Bancshares De has 6,875 shares for 0% of their US portfolio. Blackrock Fund Advsrs accumulated 0% or 219,977 shares. Jefferies Gru Ltd Limited Liability Company holds 0% of its portfolio in Kona Grill Inc (NASDAQ:KONA) for 85,615 shares. Moreover, United Ser Automobile Association has 0% invested in Kona Grill Inc (NASDAQ:KONA) for 73,640 shares. Moreover, Blackrock Inc has 0% invested in Kona Grill Inc (NASDAQ:KONA) for 368 shares. Granahan Inv Management Ma last reported 535,631 shares in the company. Blackrock Institutional Na has 92,334 shares for 0% of their US portfolio.

More important recent Kona Grill Inc (NASDAQ:KONA) news were published by: Bizjournals.com which released: “Kona Grill restaurant to debut next week in Winter Park’s Lakeside Crossing” on November 17, 2016, also Globenewswire.com published article titled: “Kona Grill Opens in Winter Park, Florida”, Globenewswire.com published: “Kona Grill Partners with National Breast Cancer Foundation, Inc®” on September 28, 2016. More interesting news about Kona Grill Inc (NASDAQ:KONA) was released by: Businesswire.com and their article: “Kona Grill Selects Ecova for Energy and Sustainability Expense Management …” with publication date: November 01, 2016.

KONA Company Profile

Kona Grill, Inc., incorporated on April 10, 2002, owns and operates upscale casual dining restaurants under the name Kona Grill. The Firm owns and operates approximately 40 restaurants in 20 states throughout the United States and Puerto Rico. The Company’s high-volume upscale casual restaurants feature a global menu of contemporary American favorites and sushi. The Company’s menu items are prepared from scratch at each restaurant location and incorporate over 40 signature sauces and dressings. It also offers a full service bar offering a range assortment of wines, specialty cocktails and beers. The Company’s restaurants seat an average of approximately 290 clients and comprise multiple dining areas. The Company’s dining area, full-service bar, indoor/outdoor patio and sushi bar provide a choice of atmospheres and a range of environments. It locates its restaurants in various areas, such as retail centers, shopping malls, urban entertainment districts and lifestyle centers that are situated near commercial office space and residential housing.

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