Kura Sushi USA (NASDAQ:KRUS) Trading 0.4% Higher - Still a Buy?

Key Points

• Kura Sushi USA shares recently traded up 0.4%, reaching a price of $63.58, though trading volume was down by 6% from the average.
• Analysts have mixed ratings on Kura Sushi, with five recommending a Buy, five a Hold, and one a Sell, while the consensus target price is $93.78.
• The company reported a loss of ($0.13) earnings per share in its latest quarterly earnings, with a negative net margin of 3.48%.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) shares traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $65.50 and last traded at $63.58. 254,885 shares were traded during mid-day trading, a decline of 6% from the average session volume of 271,348 shares. The stock had previously closed at $63.34.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Roth Capital restated a "buy" rating and issued a $106.00 price objective (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of Kura Sushi USA from a "sell" rating to a "hold" rating in a report on Friday, September 26th. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Lake Street Capital boosted their price objective on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $93.78.

Kura Sushi USA Stock Performance

The company has a market capitalization of $768.68 million, a price-to-earnings ratio of -79.48 and a beta of 1.76. The firm has a 50-day simple moving average of $73.11 and a two-hundred day simple moving average of $71.31.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its earnings results on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $29.83 million during the quarter. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. As a group, equities analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stephens Inc. AR grew its position in shares of Kura Sushi USA by 1.5% during the second quarter. Stephens Inc. AR now owns 738,890 shares of the company's stock worth $63,604,000 after buying an additional 10,968 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Kura Sushi USA by 9.3% during the first quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock worth $20,539,000 after buying an additional 34,114 shares in the last quarter. Hood River Capital Management LLC acquired a new position in shares of Kura Sushi USA during the second quarter worth about $31,561,000. Vanguard Group Inc. grew its position in shares of Kura Sushi USA by 2.3% during the first quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock worth $18,741,000 after buying an additional 8,201 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Kura Sushi USA by 17.5% during the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company's stock worth $29,780,000 after buying an additional 51,574 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

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