Kura Sushi USA (NASDAQ:KRUS) Stock Price Up 5.7% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price was up 5.7% during mid-day trading on Tuesday . The stock 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.

Analysts Set New Price Targets

Several brokerages have commented on KRUS. TD Cowen initiated coverage on Kura Sushi USA in a research report on Tuesday. They set a “hold” rating and a $72.00 price objective for the company. Craig Hallum lifted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Piper Sandler boosted their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Friday. Finally, Barclays increased their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Kura Sushi USA Price Performance

The stock has a market cap of $819.52 million, a P/E ratio of -99.65 and a beta of 1.81. The stock’s 50-day moving average is $83.15 and its two-hundred day moving average is $83.92.

Kura Sushi USA (NASDAQ:KRUS) last issued 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 EPS for the current fiscal year.

Insider Activity

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 transaction of $574,401.54. Following the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 business. Bank of America Corp DE grew its position in shares of Kura Sushi USA by 4.2% during the 4th quarter. Bank of America Corp DE now owns 5,906 shares of the company’s stock worth $535,000 after buying an additional 238 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA during the fourth quarter valued at about $31,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Kura Sushi USA by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company’s stock worth $360,000 after buying an additional 466 shares during the period. Quest Partners LLC lifted 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 worth $54,000 after purchasing an additional 471 shares during the period. Finally, US Bancorp DE lifted its stake in Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after acquiring an additional 547 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile