Kura Sushi USA (NASDAQ:KRUS) posted its quarterly earnings data on Sunday. The company reported ($0.71) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.65) by ($0.06), Fidelity Earnings reports. Kura Sushi USA had a negative net margin of 38.43% and a negative return on equity of 31.52%.
Shares of KRUS stock traded up $2.50 during midday trading on Tuesday, hitting $21.25. The company had a trading volume of 1,559 shares, compared to its average volume of 56,308. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.06 and a quick ratio of 1.03. Kura Sushi USA has a 52-week low of $5.07 and a 52-week high of $25.22. The stock has a market cap of $177.27 million, a price-to-earnings ratio of -10.29 and a beta of 2.25. The company’s 50 day simple moving average is $18.18 and its 200 day simple moving average is $14.59.
KRUS has been the subject of several research reports. Stephens boosted their price target on Kura Sushi USA from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, January 7th. Craig Hallum raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and upped their target price for the stock from $17.00 to $25.00 in a report on Tuesday. Daiwa Capital Markets began coverage on shares of Kura Sushi USA in a research note on Tuesday, October 6th. They issued an “outperform” rating on the stock. Roth Capital lifted their price target on Kura Sushi USA from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research lowered shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Tuesday, December 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.17.
Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants offer Japanese cuisine through a revolving sushi service model. It operates 28 restaurants across six states. The company was formerly known as Kula Sushi USA, Inc and changed its name to Kura Sushi USA, Inc in October 2017.
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