Kura Sushi USA (NASDAQ:KRUS) Stock Price Up 7.4% - Should You Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s stock price rose 7.4% on Monday . The stock traded as high as $59.34 and last traded at $59.22. Approximately 18,501 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 184,491 shares. The stock had previously closed at $55.13.

Wall Street Analyst Weigh In

Several research firms have issued reports on KRUS. Benchmark dropped their price target 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. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. TD Cowen began coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target for the company. TD Securities assumed coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective on the stock. Finally, Citigroup cut their price objective on Kura Sushi USA from $116.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and an average price target of $87.50.

Kura Sushi USA Price Performance

The stock's 50-day moving average price is $67.48 and its 200-day moving average price is $82.65. The company has a market cap of $632.02 million, a P/E ratio of -77.20 and a beta of 1.82.

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

Insider Activity

In related news, Director Seitaro Ishii sold 6,918 shares of the business's stock in a transaction dated 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 transaction, the director now owns 1,313 shares of the company's stock, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $31,000. Quest Partners LLC boosted its holdings in shares of Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after purchasing an additional 471 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kura Sushi USA in the 4th quarter valued at $61,000. BNP Paribas Financial Markets acquired a new position in shares of Kura Sushi USA during the 4th quarter worth $77,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Kura Sushi USA during the 4th quarter worth $109,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile