Kura Sushi USA (NASDAQ:KRUS) Trading Up 7.4% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS) shares rose 7.4% during trading on Monday . The company traded as high as $59.34 and last traded at $59.22. Approximately 18,501 shares were traded during trading, a decline of 90% from the average daily volume of 184,491 shares. The stock had previously closed at $55.13.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. TD Securities assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. TD Cowen started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. Finally, Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.20.

Kura Sushi USA Stock Up 6.7 %

The company’s 50-day moving average is $69.52 and its 200-day moving average is $83.08. The stock has a market cap of $709.48 million, a price-to-earnings ratio of -86.47 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. On average, research analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new stake in Kura Sushi USA in the 4th quarter valued at $31,000. Quest Partners LLC boosted its holdings in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares during the period. Quantbot Technologies LP bought a new stake in Kura Sushi USA during the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets acquired a new stake in Kura Sushi USA in the fourth quarter worth $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Kura Sushi USA during the fourth quarter valued at about $109,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA