Kura Sushi USA (NASDAQ:KRUS) Now Covered by Analysts at DA Davidson

DA Davidson began coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note published on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $90.00 target price on the stock.

Several other analysts also recently commented on KRUS. Citigroup reiterated a “neutral” rating on shares of Kura Sushi USA in a report on Thursday, January 8th. Loop Capital set a $70.00 price objective on shares of Kura Sushi USA in a research report on Thursday, January 8th. Wall Street Zen lowered shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 10th. TD Cowen dropped their target price on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Lake Street Capital restated a “buy” rating and issued a $70.00 target price on shares of Kura Sushi USA in a research note 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’s stock. Based on data from MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Hold” and a consensus price target of $78.00.

Kura Sushi USA Trading Down 9.9%

Shares of NASDAQ:KRUS traded down $6.33 during mid-day trading on Friday, hitting $57.67. 373,361 shares of the company traded hands, compared to its average volume of 201,722. The stock has a 50-day moving average price of $68.12 and a two-hundred day moving average price of $64.03. Kura Sushi USA has a 12-month low of $40.03 and a 12-month high of $95.98. The stock has a market cap of $698.38 million, a P/E ratio of -174.76 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly 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 company had revenue of $73.46 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same period in the previous year, the company posted ($0.08) earnings per share. As a group, analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of Kura Sushi USA stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $72.93, for a total value of $720,110.82. Following the sale, the insider owned 6,026 shares of the company’s stock, valued at approximately $439,476.18. The trade was a 62.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.28% of the company’s stock.

Institutional Investors Weigh In On 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 approximately $29,000. Key Financial Inc increased its position in Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after buying an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Kura Sushi USA in the fourth quarter valued at $36,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after buying an additional 736 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after buying an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

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.