|Bid||0.0000 x 1300|
|Ask||0.0000 x 900|
|Day's Range||0.0790 - 0.1720|
|52 Week Range||0.0580 - 2.5800|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
After posting a $32 million loss for 2018, missing loan payments and shuttering eight restaurants in one quarter, the future for Kona Grill looks grim, according to documents filed with the U.S. Securities and Exchange Commission.
The troubled Scottsdale-based restaurant chain’s board of directors appointed the company’s chief financial officer to also serve as Kona’s principal executive officer.
A number of top brass at the Scottsdale-based restaurant chain resigned this week as the company begins exploring its options, including a possible sale or merger, SEC filings show.
A former Kona Grill Inc. in Winter Park will soon give way to a wine-focused restaurant concept. Dallas-based Front Burner Group Dining will transform the shuttered Kona Grill (Nasdaq: KONA) location at Lakeside Crossing at 110 Orlando Ave. into its Sixty Vines concept, CEO Steve Shlemon confirmed to Orlando Business Journal. It’s the first Sixty Vines outside of Texas. The future restaurant’s proximity to Rollins College, in addition to the area’s high income levels, attracted Front Burner Group Dining to Winter Park, Shlemon said. The restaurant is expected to seat 275 people. “I find that to be the No. 1 suburb in Orlando for Sixty Vines brand,” Shlemon said. No general contractor has been selected, but Front Burner Group Dining is in talks for an architect.
Just 65 days after taking over as co-CEO of Kona Grill Inc., Steve Schussler has stepped down. The Scottsdale-based sushi and happy hour restaurant chain announced Schussler’s resignation from the co-CEO job and from the company’s board of directors Thursday afternoon. The company’s announcement said Schussler wants to spend more time focusing on his other restaurant company, Minnesota-based Schussler Creative Inc. Schussler is the founder of Rainforest Cafe Inc. and has developed a number of other larger-than-life themed restaurant concepts. In November, Kona Grill’s board fired Jim Kuhn as CEO after only a few months on the job, and replaced him with Schussler and Marcus Jundt.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have Read More...
Schussler will remain owner of Schussler Creative, but as co-CEO will play an integral role in an attempt to increase guest traffic for Kona.
The Scottsdale, Arizona-based company said it had a loss of 39 cents per share. The restaurant operator posted revenue of $37.4 million in the period. In the final minutes of trading on Thursday, the company's ...
Schussler is the owner of Golden Valley-based Schussler Creative. He's best known locally as the founder of the Rainforest Cafe, but also founded concepts like the T-Rex Cafe, Yak & Yeti, The Boathouse and Galaxy Drive In.
Kona Grill Inc. named two new co-CEOs Thursday after its other chief executive was let go by the restaurant chain after only three months in charge.