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Last $19.16 USD
Change Today -0.19 / -0.98%
Volume 30.7K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

kona grill inc (KONA) Snapshot

Open
$19.25
Previous Close
$19.35
Day High
$19.34
Day Low
$18.88
52 Week High
04/1/15 - $28.66
52 Week Low
09/3/14 - $17.00
Market Cap
216.1M
Average Volume 10 Days
83.2K
EPS TTM
$-0.14
Shares Outstanding
11.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KONA GRILL INC (KONA)

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kona grill inc (KONA) Details

Kona Grill, Inc. owns and operates polished casual dining restaurants in the United States. The company’s restaurants offer prepared food comprising American food, various appetizers and entrees, and sushi; and alcoholic beverages, such as wines, specialty cocktails, and beers. It operates restaurants under the Kona Grill brand name. As of May 6, 2015, the company owned and operated 32 restaurants in 19 states of the United States and Puerto Rico. Kona Grill, Inc. is based in Scottsdale, Arizona.

2,743 Employees
Last Reported Date: 03/12/15

kona grill inc (KONA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $368.2K
Chief Financial Officer and Secretary
Total Annual Compensation: $207.9K
Compensation as of Fiscal Year 2014.

kona grill inc (KONA) Key Developments

Kona Grill Inc. Reports Earnings Results for the Second Quarter and Capital Expenditure Results for the Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Plans to Open New Restaurants in the Second Half of the Year 2015

Kona Grill Inc. reported earnings results for the second quarter and capital expenditure results for the six months ended June 30, 2015. For the quarter, the company reported restaurant sales increased 21.2% to $36.2 million compared to $29.9 million in the second quarter of 2014. The increase was primarily driven by an 18.5% increase in the number of operating weeks from 7 restaurants that have opened since June 2014 and a modest increase in same-store sales. Adjusted EBITDA increased 10.4% during the quarter to $3.9 million from $3.5 million in the prior year. Excluding Denver-related costs, adjusted EBITDA would have increased 16.5% to $4 million. Net loss for the quarter was $93,000 or $0.01 per share. Excluding the sales and tax, the company had about $0.01 in earnings for the quarter. On an absolute dollar basis, restaurant operating profit increased by $921,000 to $6.7 million, which represents a 16% increase with the 10 non comparable restaurants contributing over $1.5 million in the second quarter. Excluding Denver from both periods, restaurant operating profit increased 19.8%, a healthy amount at this stage in growth. For the six months, the company spent $14.4 million on capital expenditures, primarily for the 3 restaurants opened to date. The company is forecasting restaurant sales of $36.3 million compared to $30 million in the third quarter of 2015, an increase of roughly 21%. The increase assumes about a 20% increase in the number of operating weeks and given the sales trends to date, same-store sales to be up approximately 2%. Adjusted EBITDA is projected to be $3.2 million for the third quarter of 2015. With the significant preopening expenses and approximately $0.02 per share in costs related to the remodel and reopening of the Denver restaurant, the company is forecasting a loss of $0.10 per share in the third quarter. The company expects to incur significant preopening expenses during the third quarter, primarily for the 4 restaurants scheduled to open in the second half of the year 2015. The company projects preopening expenses of approximately $0.13 per share during the quarter as it plan to open Miami in late September and restaurants in Cincinnati, the Las Vegas Strip and Houston in the fourth quarter of 2015.

Kona Grill Inc., Q2 2015 Earnings Call, Aug 03, 2015

Kona Grill Inc., Q2 2015 Earnings Call, Aug 03, 2015

Kona Grill Announces the Launch of its Invigorate Menu

Kona Grill Inc. announced the launch of its newest seasonal menu Invigorate. The Invigorate menu, Kona Grill's third seasonal menu of 2015, features seven tempting items including a savory Garlic Rock Shrimp Flatbread and a Kobe Beef Cheeseburger. Invigorate will include six dishes: a flatbread, sushi item, salad, entre, sandwich and a dessert.

 

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KONA Competitors

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Industry Analysis

KONA

Industry Average

Valuation KONA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 3.3x
Price/Cash Flow 32.2x
TEV/Sales 1.4x
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