News stories about Kona Grill (NASDAQ:KONA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kona Grill earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 47.6558176409177 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Kona Grill stock remained flat at $$2.80 during trading on Tuesday. 37,900 shares of the company traded hands, compared to its average volume of 76,277. The company has a debt-to-equity ratio of 10.40, a current ratio of 0.39 and a quick ratio of 0.30. Kona Grill has a 52 week low of $1.50 and a 52 week high of $5.00.
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Kona Grill (NASDAQ:KONA) last issued its quarterly earnings results on Thursday, May 10th. The restaurant operator reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.08. The company had revenue of $42.02 million during the quarter. Kona Grill had a negative net margin of 12.80% and a negative return on equity of 94.61%.
Separately, ValuEngine upgraded shares of Kona Grill from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.75.
In other Kona Grill news, CEO Berke Bakay purchased 492,997 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was bought at an average cost of $1.79 per share, for a total transaction of $882,464.63. Following the purchase, the chief executive officer now directly owns 492,997 shares in the company, valued at $882,464.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.50% of the stock is owned by company insiders.
Kona Grill Company Profile
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.