Kura Sushi USA (NASDAQ:KRUS) Now Covered by DA Davidson

Equities research analysts at DA Davidson assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a note issued to investors on Friday,Benzinga reports. The brokerage set a “buy” rating on the stock.

A number of other brokerages have also recently issued reports on KRUS. Citigroup restated a “neutral” rating on shares of Kura Sushi USA in a report on Thursday, January 8th. TD Cowen cut their price target on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 10th. Barclays dropped their price objective on shares of Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 7th. Finally, Benchmark reaffirmed a “buy” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Hold” and a consensus price target of $76.91.

Kura Sushi USA Price Performance

KRUS opened at $64.00 on Friday. The firm has a 50 day simple moving average of $68.10 and a 200 day simple moving average of $64.16. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $95.98. The company has a market cap of $775.04 million, a price-to-earnings ratio of -193.94 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). The company had revenue of $73.46 million for the quarter, compared to the consensus estimate of $72.98 million. Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.During the same quarter last year, the business posted ($0.08) EPS. As a group, analysts expect that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Activity

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $72.93, for a total value of $720,110.82. Following the completion of the transaction, the insider owned 6,026 shares of the company’s stock, valued at $439,476.18. This represents a 62.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.28% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Kura Sushi USA in the second quarter valued at approximately $29,000. Key Financial Inc boosted its holdings in Kura Sushi USA by 720.0% during the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after purchasing an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Kura Sushi USA during the fourth quarter valued at about $36,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after buying an additional 736 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Kura Sushi USA by 95.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after buying an additional 646 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.