Kona Grill (NASDAQ:KONA) Receiving Somewhat Positive Media Coverage, Report Finds

Press coverage about Kona Grill (NASDAQ:KONA) has been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kona Grill earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 47.186773286887 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of KONA stock traded down $0.11 during trading hours on Monday, hitting $1.75. 21,773 shares of the company were exchanged, compared to its average volume of 51,479. The company has a debt-to-equity ratio of 6.52, a current ratio of 0.54 and a quick ratio of 0.44. Kona Grill has a 52 week low of $1.50 and a 52 week high of $6.10.

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Kona Grill (NASDAQ:KONA) last issued its quarterly earnings data on Thursday, March 22nd. The restaurant operator reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.04. The company had revenue of $42.49 million during the quarter. Kona Grill had a negative net margin of 13.09% and a negative return on equity of 70.02%.

Separately, ValuEngine upgraded shares of Kona Grill from a “strong sell” rating to a “sell” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.17.

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About Kona Grill

Kona Grill, Inc owns and operates upscale casual restaurants under the Kona Grill brand name. As of December 11, 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. Kona Grill, Inc is based in Scottsdale, Arizona.

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