Kona Grill Inc. (KONA) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $16.61 to $19.36 in the past one-month timeframe.
In the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Kona Grill currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Other better-ranked restaurant stocks include Carrols Restaurant Group, Inc. (TAST), Ruth's Hospitality Group Inc. (RUTH) and Jack in the Box Inc. (JACK). All three carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment