Kura Sushi USA (NASDAQ:KRUS) Issues Earnings Results

Kura Sushi USA (NASDAQ:KRUS) released its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02, MarketWatch Earnings reports. Kura Sushi USA had a negative net margin of 15.86% and a negative return on equity of 35.93%. During the same quarter in the previous year, the business earned ($0.71) earnings per share.

Kura Sushi USA stock traded down $12.60 during midday trading on Friday, reaching $57.40. 1,860 shares of the company’s stock were exchanged, compared to its average volume of 110,201. Kura Sushi USA has a 52 week low of $18.21 and a 52 week high of $85.62. The firm has a market cap of $556.89 million, a price-to-earnings ratio of -52.06 and a beta of 1.98. The stock’s 50-day simple moving average is $65.78 and its 200 day simple moving average is $52.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.83 and a current ratio of 2.87.

KRUS has been the subject of a number of recent research reports. BMO Capital Markets raised their price target on shares of Kura Sushi USA from $45.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 12th. Stephens upped their price target on Kura Sushi USA from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, November 12th. Craig Hallum increased their price objective on Kura Sushi USA from $50.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 12th. Roth Capital increased their price objective on Kura Sushi USA from $46.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 12th. Finally, Zacks Investment Research lowered Kura Sushi USA from a “buy” rating to a “hold” rating in a research note on Wednesday, December 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of “Buy” and a consensus target price of $69.67.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley raised its position in Kura Sushi USA by 19.1% in the 3rd quarter. Morgan Stanley now owns 117,041 shares of the company’s stock worth $5,112,000 after purchasing an additional 18,733 shares during the period. Millennium Management LLC raised its stake in shares of Kura Sushi USA by 283.5% in the third quarter. Millennium Management LLC now owns 21,110 shares of the company’s stock valued at $922,000 after acquiring an additional 15,605 shares during the period. Bank of New York Mellon Corp grew its holdings in Kura Sushi USA by 7.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,914 shares of the company’s stock worth $389,000 after acquiring an additional 640 shares in the last quarter. American International Group Inc. raised its position in shares of Kura Sushi USA by 14.4% in the 3rd quarter. American International Group Inc. now owns 2,194 shares of the company’s stock valued at $96,000 after purchasing an additional 277 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Kura Sushi USA by 50.0% during the 3rd quarter. Royal Bank of Canada now owns 645 shares of the company’s stock worth $28,000 after buying an additional 215 shares during the last quarter. 24.21% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA

Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.

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Earnings History for Kura Sushi USA (NASDAQ:KRUS)

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