Kura Sushi USA (NASDAQ:KRUS) Stock Price Up 4.8% - Time to Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price shot up 4.8% during trading on Wednesday . The stock traded as high as $57.21 and last traded at $56.59. 166,715 shares were traded during mid-day trading, a decline of 17% from the average session volume of 200,809 shares. The stock had previously closed at $53.99.

Analysts Set New Price Targets

KRUS has been the topic of several research reports. Lake Street Capital dropped their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. TD Securities reaffirmed a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a research note on Friday, April 4th. Benchmark lowered their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Barclays cut their price objective on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Kura Sushi USA presently has an average rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Trading Down 0.1 %

The firm's fifty day moving average price is $58.11 and its 200 day moving average price is $79.23. The firm has a market capitalization of $704.90 million, a PE ratio of -85.91 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The business had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same period in the previous year, the business posted ($0.09) EPS. As a group, research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company's stock valued at $10,317,000 after purchasing an additional 1,016 shares during the period. Barclays PLC grew its position in Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company's stock worth $914,000 after purchasing an additional 9,229 shares during the last quarter. Kings Path Partners LLC raised its position in shares of Kura Sushi USA by 8.2% during the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company's stock valued at $998,000 after buying an additional 831 shares during the last quarter. Moody National Bank Trust Division grew its position in Kura Sushi USA by 13.4% during the fourth quarter. Moody National Bank Trust Division now owns 23,067 shares of the company's stock worth $2,089,000 after buying an additional 2,728 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new position in Kura Sushi USA in the 4th quarter valued at approximately $1,567,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA