Kura Sushi USA (NASDAQ:KRUS) Trading 6% Higher – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS) shot up 6% during mid-day trading on Tuesday . The company traded as high as $64.04 and last traded at $63.79. 70,499 shares were traded during mid-day trading, a decline of 75% from the average session volume of 285,645 shares. The stock had previously closed at $60.19.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KRUS shares. Royal Bank Of Canada set a $85.00 target price on Kura Sushi USA in a research report on Tuesday, January 20th. Lake Street Capital reiterated a “buy” rating and set a $70.00 price target on shares of Kura Sushi USA in a research note on Thursday, January 8th. Piper Sandler increased their price objective on Kura Sushi USA from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Citigroup restated a “neutral” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th. Finally, Barclays decreased their target price on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA has an average rating of “Hold” and an average price target of $78.00.

Kura Sushi USA Trading Up 4.9%

The firm’s fifty day moving average price is $68.15 and its two-hundred day moving average price is $61.98. The stock has a market capitalization of $764.81 million, a PE ratio of -191.36 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). The business had revenue of $73.46 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Hajime Uba sold 9,874 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $720,110.82. Following the transaction, the insider directly owned 6,026 shares in the company, valued at $439,476.18. The trade was a 62.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $29,000. Key Financial Inc raised its position in Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after purchasing an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth about $36,000. Caitong International Asset Management Co. Ltd raised its holdings in Kura Sushi USA by 681.5% in the 3rd 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 lifted its position in Kura Sushi USA by 95.3% in the third 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 during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

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.