Kura Sushi USA (NASDAQ:KRUS) Research Coverage Started at DA Davidson

DA Davidson began coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research report released on Friday, MarketBeat reports. The firm issued a buy rating and a $90.00 price objective on the stock.

Other equities analysts have also recently issued reports about the stock. TD Cowen lowered their price objective on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a research report on Friday, November 7th. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 10th. Lake Street Capital reiterated a “buy” rating and set a $70.00 price target on shares of Kura Sushi USA in a report on Thursday, January 8th. Loop Capital set a $70.00 price target on Kura Sushi USA in a research note on Thursday, January 8th. Finally, Barclays cut their price objective on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $78.00.

Kura Sushi USA Stock Down 9.9%

Kura Sushi USA stock opened at $57.67 on Friday. Kura Sushi USA has a 12-month low of $40.03 and a 12-month high of $95.98. The business’s 50-day moving average price is $68.12 and its two-hundred day moving average price is $63.82. The stock has a market cap of $698.38 million, a PE ratio of -174.76 and a beta of 1.67.

Kura Sushi USA (NASDAQ:KRUS) last posted its 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 return on equity of 0.63% and a negative net margin of 1.37%.The company had revenue of $73.46 million during the quarter, compared to the consensus estimate of $72.98 million. During the same period last year, the company posted ($0.08) EPS. 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 that occurred on Friday, January 16th. The stock was sold at an average price of $72.93, for a total value of $720,110.82. Following the completion of the sale, the insider directly owned 6,026 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 2.28% of the stock is owned by corporate insiders.

Institutional Trading of Kura Sushi USA

Large investors have recently modified their holdings of the stock. Deutsche Bank AG increased its stake in shares of Kura Sushi USA by 4.2% in the 4th quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock valued at $283,000 after acquiring an additional 218 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after acquiring an additional 284 shares in the last quarter. Bank of America Corp DE grew its holdings in Kura Sushi USA by 5.4% in the third quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock worth $334,000 after purchasing an additional 287 shares during the period. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA in the second quarter worth $29,000. Finally, Key Financial Inc increased its stake in Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds 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.