Why Kona Grill (KONA) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Kona Grill, Inc.  (KONA) are up 2.87% to $20.06 in early trading on Monday after KeyBanc (KEY) and Wunderlich both initiated coverage with a "buy" rating this morning.

KeyBanc has a $24.00 price target, while Wunderlich has a $28.00 price target.

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Separately, TheStreet Ratings team rates KONA GRILL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate KONA GRILL INC (KONA) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."

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