Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) were up 8.8% during mid-day trading on Wednesday . The company traded as high as $46.96 and last traded at $45.09. Approximately 159,711 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 194,738 shares. The stock had previously closed at $41.46.
Analyst Ratings Changes
Several equities research analysts recently issued reports on KRUS shares. Citigroup dropped their price objective on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday. TD Securities reissued a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. Benchmark lowered their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Barclays cut their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.20.
Read Our Latest Analysis on Kura Sushi USA
Kura Sushi USA Stock Up 5.4 %
The firm's fifty day moving average is $59.94 and its two-hundred day moving average is $80.05. The firm has a market cap of $626.47 million, a P/E ratio of -76.35 and a beta of 1.72.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the prior year, the company posted ($0.09) EPS. As a group, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.
Insider Activity at Kura Sushi USA
In related news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of KRUS. Arcadia Investment Management Corp MI purchased a new stake in shares of Kura Sushi USA during the fourth quarter valued at approximately $31,000. Quantbot Technologies LP bought a new position in Kura Sushi USA in the 4th quarter valued at approximately $61,000. BNP Paribas Financial Markets purchased a new stake in Kura Sushi USA during the 4th quarter valued at $77,000. KLP Kapitalforvaltning AS bought a new stake in shares of Kura Sushi USA in the 4th quarter worth $109,000. Finally, US Bancorp DE increased its holdings in shares of Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after purchasing an additional 547 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.
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