Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $89.75.

Several research analysts have commented on the company. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Piper Sandler lifted their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Craig Hallum increased their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Lake Street Capital lifted their price objective on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Barclays increased their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th.

Kura Sushi USA Trading Up 1.9 %

Shares of NASDAQ KRUS traded up $1.38 during mid-day trading on Friday, reaching $74.37. The company had a trading volume of 194,265 shares, compared to its average volume of 189,299. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The stock has a market cap of $897.65 million, a P/E ratio of -109.37 and a beta of 1.81. The firm has a 50 day simple moving average of $87.94 and a two-hundred day simple moving average of $82.63.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. On average, equities analysts expect that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Transactions at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the sale, the director now owns 1,313 shares of the company's stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Kura Sushi USA

Large investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA during the fourth quarter worth about $31,000. Quest Partners LLC boosted its stake in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock worth $54,000 after acquiring an additional 471 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Kura Sushi USA in the 4th quarter worth approximately $61,000. KLP Kapitalforvaltning AS purchased a new position in Kura Sushi USA in the 4th quarter valued at approximately $109,000. Finally, US Bancorp DE increased its stake in Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after purchasing an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile