Kona Grill Inc. ( KONA ) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $16.61 to $19.36 in the past one-month timeframe.
In the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
Kona Grill currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Other better-ranked restaurant stocks include Carrols Restaurant Group, Inc.
), Ruth's Hospitality Group Inc.
) and Jack in the Box Inc.
). All three carry a Zacks Rank #2 (Buy).
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. Click to get this free report >>JACK IN THE BOX (JACK): Free Stock Analysis ReportKONA GRILL INC (KONA): Free Stock Analysis ReportRUTHS HOSPITLTY (RUTH): Free Stock Analysis ReportCARROLS RESTRNT (TAST): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research