UPDATE: Imperial Capital Maintains Outperform Rating on Kona Grill on Strong Marketing Efforts
In a report Monday, Imperial Capital maintained its Outperform rating on (NASDAQ: KONA) and price target of $10.00.
Imperial Capital noted, “We believe KONA should continue to benefit from improvements to its menu, a streamlined supply chain, enhanced marketing efforts, and a favorable remodel program. 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.”
Kona Grill closed at 8.70 on Friday.
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