Wedbush Securities Sees Comp Momentum And New Unit Opening Strength Continue For Kona Grill

In a report published Wednesday, Wedbush Securities analyst Nick Setyan reiterated an Outperform rating and $31.00 price target on

. In the report, Wedbush Securities noted, "We believe Kona Grill is well-positioned to garner a widening premium to growth peers based on growing investor awareness of its best-in-class growth metrics and continued outperformance relative to expectations. Q4 results largely in-line with preannouncement. EPS of ($0.08) was slightly better than ours and the consensus estimate of ($0.09), on revenue of $31.6 million (vs. $31.5 million preannouncement) and 3.1% SSS growth (in-line with preannouncement). Non-comp units continue to trend ahead of expectations, with unit-level margins and AWS an impressive 14.0% and $85.6K, respectively, in Q4." Kona Grill closed on Tuesday at $26.54.