Kona Grill Inc (KONA) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Kona Grill Inc (KONA) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.12. The company posted revenue of $39.30 million in the period, compared to analysts expectations of $41.04 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Kona Grill Inc. Shares were Reiterated by Wedbush on Mar 2, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $25 .

Kona Grill Inc closed down -0.11 points or -0.83% at $13.21 with 68,991 shares getting traded on Monday. Post opening the session at $13.33, the shares hit an intraday low of $13.11 and an intraday high of $13.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 27, 2015, Richard J Hauser (director) sold 6,514 shares at $26.57 per share price. According to the SEC, 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.

Kona Grill Inc

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