Feltl & Co. Upgrades Kona Grill Inc to Strong Buy

Brokerage firm Feltl & Co. Upgrades its rating on Kona Grill Inc(NASDAQ:KONA). The shares have been rated Strong Buy. Previously, the analysts had a Buy rating on the shares. The rating by Feltl & Co. was issued on Jul 28, 2016.

Kona Grill Inc (KONA) shares turned negative on Thursdays trading session with the shares closing down -0.34 points or -2.73% at a volume of 1,16,676. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.53. The peak price level was also seen at $12.53 while the days lowest was $12. Finally the shares closed at $12.1. The 52-week high of the shares is $22 while the 52-week low is $9.9. According to the latest information available, the market cap of the company is $136 M.

Kona Grill Inc(KONA) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $43.30M. Analysts had an estimated revenue of $45.41M. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.05.

Several Insider Transactions has been reported to the SEC. On Mar 27, 2015, Richard J Hauser (director) sold 6,514 shares at $26.57 per share price.Also, On Jan 27, 2015, Leonard Martin Newman (director) sold 11,000 shares at $23.84 per share price.

Kona Grill Inc. owns and operates polished casual dining restaurants under the name Kona Grill. The Company’s restaurants offer freshly prepared food attentive service and an upscale contemporary ambiance. The Company’s restaurants feature a selection of American dishes as well as a variety of appetizers and entrees with an international influence including a selection of sushi. The menu items prepared incorporate over 40 signature sauces and dressings that Kona Grill makes from scratch. Its menu offerings are complemented by a full service bar offering a broad assortment of wines specialty drinks and beers. The Company’s restaurants seat an average of 294 guests and consist multiple dining areas. Its main dining area full-service bar outdoor patio and sushi bar provide a choice of atmospheres and a variety of environments. Its restaurants are located in near retail centers shopping malls urban entertainment districts and lifestyle centers.

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