Kura Sushi USA (NASDAQ:KRUS) Stock Price Up 8.8% – Still a Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s share price shot up 8.8% during mid-day trading on Wednesday . The stock traded as high as $46.96 and last traded at $45.09. 159,711 shares changed hands during trading, a decline of 18% from the average session volume of 194,738 shares. The stock had previously closed at $41.46.

Analysts Set New Price Targets

KRUS has been the subject of a number of research reports. Benchmark reduced their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Citigroup reduced 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. Barclays lowered their target price on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Lake Street Capital cut their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, TD Cowen started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.20.

Kura Sushi USA Stock Down 3.2 %

The company has a market cap of $594.37 million, a price-to-earnings ratio of -72.44 and a beta of 1.72. The business has a fifty day simple moving average of $60.50 and a 200 day simple moving average of $80.29.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. The company had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same quarter last year, the business earned ($0.09) EPS. Equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insider Transactions at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently made changes to their positions in the business. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP purchased a new stake in Kura Sushi USA during the 4th quarter worth about $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA in the 4th quarter valued at about $77,000. KLP Kapitalforvaltning AS purchased a new position in Kura Sushi USA in the 4th quarter valued at about $109,000. Finally, US Bancorp DE boosted its stake in shares of Kura Sushi USA by 43.5% during 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 during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA