Kura Sushi USA (NASDAQ:KRUS) Trading Up 7.4% – Time to Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s share price rose 7.4% on Monday . The stock traded as high as $59.34 and last traded at $59.22. Approximately 18,501 shares changed hands 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

Several brokerages recently issued reports on KRUS. TD Securities started coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. Benchmark dropped their price objective on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price for the company. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Friday, February 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.20.

Kura Sushi USA Stock Down 5.2 %

The stock has a fifty day moving average price of $68.56 and a two-hundred day moving average price of $83.05. The company has a market cap of $706.83 million, a price-to-earnings ratio of -86.15 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) earnings per share for the quarter, topping the consensus estimate 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%. Analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA in the fourth quarter valued at about $31,000. Quest Partners LLC grew its stake in Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares in the last quarter. Quantbot Technologies LP bought a new position in Kura Sushi USA in the 4th quarter valued at about $61,000. BNP Paribas Financial Markets acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at approximately $77,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at approximately $109,000. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA