Imperial Capital Positive on Kona Grill (KONA) on New Restaurants
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Price: $10.37 +0.19%
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade KONA Now!
Imperial Capital reiterated their Outperform rating and $10 price target on Kona Grill (NASDAQ: KONA) saying new restaurants will drive future growth.
"We believe KONA should continue to benefit from improvements to its menu, a streamlined supply chain, enhanced marketing efforts, and a favorable remodel program," Lee J. Giordano said. "With only 23 restaurants today and a differentiated restaurant operating model with strong margins, we believe the company has a long runway of organic growth potential throughout the U.S.
The firm cut 2013 EPS estimates by $0.20 to $0.43 based on increased G&A expenses and introduced 2014 EPS estimate of $0.53 (+24%).
For an analyst ratings summary and ratings history on Kona Grill click here. For more ratings news on Kona Grill click here.
Shares of Kona Grill closed at $8.70 yesterday, with a 52 week range of $5.23-$9.73.
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"We believe KONA should continue to benefit from improvements to its menu, a streamlined supply chain, enhanced marketing efforts, and a favorable remodel program," Lee J. Giordano said. "With only 23 restaurants today and a differentiated restaurant operating model with strong margins, we believe the company has a long runway of organic growth potential throughout the U.S.
The firm cut 2013 EPS estimates by $0.20 to $0.43 based on increased G&A expenses and introduced 2014 EPS estimate of $0.53 (+24%).
For an analyst ratings summary and ratings history on Kona Grill click here. For more ratings news on Kona Grill click here.
Shares of Kona Grill closed at $8.70 yesterday, with a 52 week range of $5.23-$9.73.
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