Craig Hallum upgraded shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, AnalystRatings.net reports. Craig Hallum currently has $25.00 price target on the stock, up from their prior price target of $17.00.
A number of other analysts also recently weighed in on KRUS. Roth Capital lifted their price target on Kura Sushi USA from $17.00 to $21.00 and gave the company a buy rating in a research note on Tuesday, November 17th. Daiwa Capital Markets assumed coverage on Kura Sushi USA in a research note on Tuesday, October 6th. They issued an outperform rating on the stock. Stephens lifted their price target on Kura Sushi USA from $20.00 to $24.00 and gave the company an overweight rating in a research note on Thursday, January 7th. ValuEngine upgraded Kura Sushi USA from a buy rating to a strong-buy rating in a research note on Monday, December 21st. Finally, Zacks Investment Research downgraded Kura Sushi USA from a hold rating to a sell rating in a research note on Tuesday, December 22nd. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $22.17.
Shares of KRUS stock opened at $21.29 on Tuesday. The business’s 50 day moving average is $18.36 and its two-hundred day moving average is $14.66. Kura Sushi USA has a twelve month low of $5.07 and a twelve month high of $25.19. The company has a market capitalization of $177.60 million, a P/E ratio of -10.19 and a beta of 2.25. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03.
Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Sunday, January 10th. The company reported ($0.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.65) by ($0.06). Kura Sushi USA had a negative net margin of 38.43% and a negative return on equity of 31.52%. As a group, equities analysts predict that Kura Sushi USA will post -1.34 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of KRUS. Goldman Sachs Group Inc. purchased a new stake in Kura Sushi USA during the second quarter worth $1,413,000. Stephens Inc. AR boosted its position in Kura Sushi USA by 17.4% during the second quarter. Stephens Inc. AR now owns 599,375 shares of the company’s stock worth $8,559,000 after purchasing an additional 88,790 shares in the last quarter. Roubaix Capital LLC purchased a new stake in Kura Sushi USA during the third quarter worth $1,136,000. Cannell Capital LLC boosted its position in Kura Sushi USA by 115.0% during the third quarter. Cannell Capital LLC now owns 156,734 shares of the company’s stock worth $2,053,000 after purchasing an additional 83,838 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Kura Sushi USA by 4,968.3% during the second quarter. Bank of Montreal Can now owns 47,743 shares of the company’s stock worth $616,000 after purchasing an additional 46,801 shares in the last quarter. Institutional investors own 32.68% of the company’s stock.
About Kura Sushi USA
Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants offer Japanese cuisine through a revolving sushi service model. It operates 28 restaurants across six states. 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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