Feltl & Co. Raises Price Target on Kona Grill (KONA)
Investment analysts at Feltl & Co. increased their target price on shares of Kona Grill (NASDAQ: KONA) from $9.00 to $11.00 in a note issued to investors on Tuesday. The firm currently has a “strong-buy” rating on the stock.
Shares of Kona Grill traded down 1.35% during mid-day trading on Tuesday, hitting $8.02. Kona Grill has a one year low of $3.97 and a one year high of $7.90. The company has a market cap of $70.6 million and a P/E ratio of 23.57.
Kona Grill last issued its quarterly earnings data on Monday, April 30th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.11. Kona Grill’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Kona Grill will post $0.12 earnings per share next quarter.
Separately, analysts at B. Riley downgraded shares of Kona Grill from a “buy” rating to a “neutral” rating in a research note to investors on Friday, February 17th.
Kona Grill, Inc. (Kona Grill) owns and operates 24 upscale casual dining restaurants in 15 states, in the United States.