Kura Sushi USA (NASDAQ:KRUS) Stock Price Up 4.7% - Here's What Happened

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) was up 4.7% during trading on Wednesday . The stock traded as high as $75.00 and last traded at $76.03. Approximately 32,830 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 218,366 shares. The stock had previously closed at $72.60.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KRUS. Citigroup lowered their target price on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Benchmark dropped their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. TD Securities reissued a "hold" rating and set a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Finally, Barclays cut their price objective on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA currently has a consensus rating of "Moderate Buy" and an average price target of $77.20.

Kura Sushi USA Trading Up 4.5%

The firm has a 50-day simple moving average of $60.47 and a 200-day simple moving average of $73.05. The firm has a market cap of $952.18 million, a P/E ratio of -115.87 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The company had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same period in the previous year, the business earned ($0.09) EPS. Research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA during the fourth quarter worth $31,000. Quantbot Technologies LP purchased a new position in Kura Sushi USA during the 4th quarter worth $61,000. AlphaQuest LLC acquired a new position in Kura Sushi USA during the 1st quarter valued at about $68,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the 4th quarter valued at about $77,000. Finally, US Bancorp DE raised its stake in Kura Sushi USA by 14.8% in the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after buying an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

About Kura Sushi USA