UPDATE: Imperial Capital Maintains Outperform Rating on Kona Grill on Strong Marketing Efforts

In a report Monday, Imperial Capital maintained its Outperform rating on

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.