Kura Sushi USA’s (KRUS) Buy Rating Reiterated at Maxim Group

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “buy” rating reissued by equities researchers at Maxim Group in a report released on Friday, AnalystRatings.com reports. They currently have a $36.00 price objective on the stock. Maxim Group’s price target indicates a potential upside of 72.74% from the company’s current price.

Several other research firms also recently weighed in on KRUS. Stephens assumed coverage on shares of Kura Sushi USA in a report on Monday, August 26th. They set an “overweight” rating and a $30.00 target price for the company. BMO Capital Markets began coverage on shares of Kura Sushi USA in a report on Monday, August 26th. They set an “outperform” rating and a $30.00 target price for the company. Finally, BTIG Research began coverage on shares of Kura Sushi USA in a report on Monday, August 26th. They set a “buy” rating and a $30.00 price target for the company.

NASDAQ:KRUS traded up $0.72 during mid-day trading on Friday, hitting $20.84. 41,900 shares of the company’s stock traded hands, compared to its average volume of 130,173. The business has a 50 day simple moving average of $18.58. Kura Sushi USA has a 1 year low of $14.75 and a 1 year high of $28.16.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $18.75 million for the quarter.

An institutional investor recently bought a new position in Kura Sushi USA stock. Calamos Advisors LLC purchased a new position in shares of Kura Sushi USA (NASDAQ:KRUS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 64,808 shares of the company’s stock, valued at approximately $1,271,000. Calamos Advisors LLC owned approximately 0.82% of Kura Sushi USA at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.18% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates revolving sushi bar restaurants in the United States. The company's restaurants offer Japanese cuisine and a revolving sushi service model. As of April 1, 2019, it operated 21 restaurants in California, Texas, Georgia, and Illinois. 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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