Kura Sushi USA (NASDAQ:KRUS) Releases Earnings Results

Kura Sushi USA (NASDAQ:KRUS) announced its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted ($0.71) EPS.

KRUS opened at $70.00 on Friday. The company has a quick ratio of 2.83, a current ratio of 2.87 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $65.22 and a 200-day moving average price of $52.20. Kura Sushi USA has a twelve month low of $18.21 and a twelve month high of $85.62. The stock has a market capitalization of $679.14 million, a price-to-earnings ratio of -57.38 and a beta of 1.98.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRUS. Morgan Stanley raised its holdings in shares of Kura Sushi USA by 72.4% during the second quarter. Morgan Stanley now owns 98,308 shares of the company’s stock valued at $3,736,000 after purchasing an additional 41,280 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Kura Sushi USA by 283.5% during the third quarter. Millennium Management LLC now owns 21,110 shares of the company’s stock valued at $922,000 after purchasing an additional 15,605 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Kura Sushi USA by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 8,914 shares of the company’s stock valued at $389,000 after purchasing an additional 640 shares during the last quarter. American International Group Inc. raised its holdings in shares of Kura Sushi USA by 14.4% during the third 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 increased its holdings in Kura Sushi USA by 50.0% during the third quarter. Royal Bank of Canada now owns 645 shares of the company’s stock valued at $28,000 after buying an additional 215 shares during the last quarter. 24.21% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile

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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