Kona Grill's (KONA) Weak SSS Growth Contributes to EPS Miss; Wedbush Cuts Price Target to $25

Wedbush maintained an Outperform rating on Kona Grill (NASDAQ: KONA), and cut the price target to $25.00 (from $30.00), following 3Q results and 4Q guidance. EPS of ($0.13) was below ($0.11) consensus on SSS growth of 1.6% vs. 1.7% consensus. Q4 guidance calls for $38M in revenue with “slightly positive” SSS growth, resulting in EPS of ($0.18).

Analyst Nick Setyan commented, "We believe Kona Grill is well-positioned to garner a premium to growth peers based on growing investor awareness of its best-in-class growth metrics and outperformance relative to 2016 expectations."

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 $13.91 yesterday.

You May Also Be Interested In

• Jefferies Downgrades Calix (CALX) to Hold
• Skandinaviska Enskilda Banken AB (SEBA:SS) (SKVKY) PT Raised to SEK150 at UBS
• Meta Platforms Inc. (META) PT Lowered to $570 at RBC Capital