Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $86.20.

A number of analysts recently weighed in on the company. TD Cowen assumed coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price for the company. TD Securities assumed coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price for the company. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, Lake Street Capital upgraded Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 target price for the company in a research report on Friday, February 21st.

Kura Sushi USA Trading Up 3.7 %

Shares of NASDAQ KRUS traded up $2.10 during midday trading on Thursday, hitting $58.32. 252,480 shares of the company's stock were exchanged, compared to its average volume of 220,372. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The company has a market cap of $703.69 million, a price-to-earnings ratio of -85.76 and a beta of 1.82. The business's fifty day moving average price is $77.66 and its two-hundred day moving average price is $83.80.

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Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates 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%. Equities analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $31,000. Quest Partners LLC raised its holdings in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after acquiring an additional 471 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $61,000. BNP Paribas Financial Markets bought a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $109,000. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile