Dimensional Fund Advisors LP Sells 67,258 Shares of Kona Grill Inc (KONA)

Dimensional Fund Advisors LP lowered its holdings in shares of Kona Grill Inc (NASDAQ:KONA) by 18.8% in the third quarter, HoldingsChannel.com reports. The firm owned 290,289 shares of the restaurant operator’s stock after selling 67,258 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kona Grill were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Goldman Sachs Group Inc. acquired a new stake in Kona Grill during the 2nd quarter worth $159,000. 37.29% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Lake Street Capital decreased their price target on shares of Kona Grill from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Friday, November 10th. ValuEngine upgraded shares of Kona Grill from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.17.

Shares of Kona Grill Inc (NASDAQ:KONA) opened at $1.58 on Friday. The firm has a market cap of $15.92, a price-to-earnings ratio of -0.59 and a beta of 0.18. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.42 and a current ratio of 0.54. Kona Grill Inc has a 52 week low of $1.50 and a 52 week high of $9.50.

Kona Grill (NASDAQ:KONA) last issued its quarterly earnings results on Thursday, November 9th. The restaurant operator reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.11). Kona Grill had a negative return on equity of 55.38% and a negative net margin of 15.32%. The business had revenue of $44.40 million for the quarter, compared to analyst estimates of $46.32 million. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.

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Kona Grill Profile

Kona Grill, Inc owns and operates upscale casual dining restaurants under the name Kona Grill. The Company owns and operates approximately 40 restaurants in 20 states throughout the United States and Puerto Rico. Its high-volume upscale casual restaurants feature a global menu of contemporary American favorites and sushi.

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Institutional Ownership by Quarter for Kona Grill (NASDAQ:KONA)

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