Kura Sushi USA’s (KRUS) “Buy” Rating Reiterated at DA Davidson

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “buy” rating reissued by DA Davidson in a note issued to investors on Monday,Benzinga reports. They currently have a $90.00 target price on the stock. DA Davidson’s price target would suggest a potential upside of 20.35% from the stock’s current price.

KRUS has been the topic of several other reports. Barclays reduced 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. Piper Sandler boosted their price target on shares of Kura Sushi USA from $59.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Loop Capital set a $70.00 target price on shares of Kura Sushi USA in a report on Thursday, January 8th. Benchmark restated a “buy” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th. Finally, Lake Street Capital restated a “buy” rating and set a $70.00 price target on shares of Kura Sushi USA in a research report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $78.00.

Kura Sushi USA Trading Up 9.8%

Kura Sushi USA stock traded up $6.65 during mid-day trading on Monday, hitting $74.78. The company’s stock had a trading volume of 60,054 shares, compared to its average volume of 285,721. The firm has a market capitalization of $905.63 million, a PE ratio of -224.56 and a beta of 1.65. Kura Sushi USA has a 1 year low of $40.24 and a 1 year high of $95.98. The stock’s fifty day moving average is $67.05 and its two-hundred day moving average is $61.19.

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

Insiders Place Their Bets

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $72.93, for a total transaction of $720,110.82. Following the sale, the insider directly owned 6,026 shares in the company, valued at $439,476.18. This represents a 62.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.28% of the stock is currently owned by insiders.

Institutional Trading of Kura Sushi USA

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Kura Sushi USA in the second quarter valued at $29,000. Key Financial Inc boosted its stake in shares of Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after buying an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Kura Sushi USA in the 4th quarter valued at about $36,000. Caitong International Asset Management Co. Ltd grew its position in shares of Kura Sushi USA by 681.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after buying an additional 736 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after buying an additional 646 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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.