Kura Sushi USA (NASDAQ:KRUS) Trading Up 5.7% - Should You Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s stock price was up 5.7% during trading on Tuesday . The company traded as high as $67.78 and last traded at $68.42. Approximately 317,928 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 200,040 shares. The stock had previously closed at $64.71.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler increased their target price on Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday. They issued a "hold" rating and a $72.00 target price on the stock. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, Craig Hallum upped their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, November 7th. 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.20.

Kura Sushi USA Stock Performance

The firm has a market capitalization of $750.51 million, a P/E ratio of -91.47 and a beta of 1.81. The stock's 50 day simple moving average is $80.76 and its 200 day simple moving average is $83.73.

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Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced 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, analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Insider Activity

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now directly owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds have recently modified their holdings of the business. Arcadia Investment Management Corp MI purchased a new position in Kura Sushi USA during the fourth quarter valued at approximately $31,000. Quest Partners LLC boosted its position in Kura Sushi USA by 237.9% during the 3rd 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 purchased a new position in shares of Kura Sushi USA in the 4th quarter valued at $61,000. BNP Paribas Financial Markets bought a new position in shares of Kura Sushi USA in the 4th quarter worth $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Kura Sushi USA in the 4th quarter worth $109,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile