Kura Sushi USA (NASDAQ:KRUS) Trading Up 6.1% - Should You Buy?

Key Points

• Kura Sushi USA's stock price increased by 6.1% on Tuesday, reaching $66.89, although trading volume was down 46% compared to its average.
• Analyst ratings are mixed, with five rating the stock as a Buy, five as a Hold, and one as a Sell, with an average price target of $93.78.
• Institutional investors hold 65.49% of Kura Sushi USA's stock, with significant recent increases in positions from multiple investment firms.

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) rose 6.1% on Tuesday . The company traded as high as $66.77 and last traded at $66.89. Approximately 148,545 shares were traded during trading, a decline of 46% from the average daily volume of 275,399 shares. The stock had previously closed at $63.07.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kura Sushi USA in a report on Wednesday, October 8th. Citigroup lifted their target price on shares of Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Barclays raised their price target on Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Roth Capital restated a "buy" rating and issued a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kura Sushi USA presently has an average rating of "Hold" and an average price target of $93.78.

Kura Sushi USA Stock Up 6.2%

The company's fifty day moving average price is $72.07 and its 200 day moving average price is $71.87. The company has a market capitalization of $809.91 million, a P/E ratio of -84.26 and a beta of 1.76.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Monday, March 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $29.83 million for the quarter. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. 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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hood River Capital Management LLC acquired a new position in Kura Sushi USA during the 2nd quarter worth approximately $31,561,000. Marshall Wace LLP lifted its position in shares of Kura Sushi USA by 71.1% during the 2nd quarter. Marshall Wace LLP now owns 286,075 shares of the company's stock worth $24,625,000 after buying an additional 118,906 shares in the last quarter. Ophir Asset Management Pty Ltd grew its holdings in shares of Kura Sushi USA by 64.9% in the second quarter. Ophir Asset Management Pty Ltd now owns 223,724 shares of the company's stock valued at $20,093,000 after acquiring an additional 88,043 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Kura Sushi USA by 25.4% during the first quarter. Voya Investment Management LLC now owns 256,449 shares of the company's stock valued at $13,130,000 after acquiring an additional 51,866 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Kura Sushi USA by 17.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company's stock valued at $29,780,000 after purchasing an additional 51,574 shares during the last quarter. Institutional investors own 65.49% of the company's stock.

About Kura Sushi USA

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