DA Davidson Initiates Coverage on Kura Sushi USA (NASDAQ:KRUS)

Investment analysts at DA Davidson assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $90.00 price target on the stock. DA Davidson’s price target would suggest a potential upside of 56.06% from the company’s current price.

KRUS has been the topic of a number of other reports. Piper Sandler lifted their price target on Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Benchmark reissued a “buy” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. TD Cowen decreased their price objective on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Barclays lowered their price objective on shares of Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Finally, Wall Street Zen cut Kura Sushi USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 10th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.00.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $57.67 on Friday. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $95.98. The firm has a market cap of $698.38 million, a PE ratio of -174.76 and a beta of 1.68. The company has a 50 day simple moving average of $68.12 and a two-hundred day simple moving average of $63.92.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.06). The company had revenue of $73.46 million for the quarter, compared to analysts’ expectations of $72.98 million. Kura Sushi USA had a negative net margin of 1.37% and a negative return on equity of 0.63%. During the same quarter last year, the business posted ($0.08) EPS. As a group, research analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity at Kura Sushi USA

In other news, insider Hajime Uba sold 9,874 shares of the business’s 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 sale, the insider directly owned 6,026 shares of the company’s stock, valued at $439,476.18. The trade was a 62.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Kura Sushi USA

Institutional investors have recently added to or reduced their stakes in the business. Pillsbury Lake Capital LLC bought a new stake in Kura Sushi USA in the 4th quarter worth about $8,037,000. Millennium Management LLC lifted its stake in Kura Sushi USA by 1,404.2% during the 4th quarter. Millennium Management LLC now owns 168,820 shares of the company’s stock valued at $8,834,000 after acquiring an additional 157,597 shares during the period. Manatuck Hill Partners LLC purchased a new stake in shares of Kura Sushi USA during the 4th quarter valued at about $1,308,000. Inspire Investing LLC raised its holdings in shares of Kura Sushi USA by 18.0% during the fourth quarter. Inspire Investing LLC now owns 9,059 shares of the company’s stock valued at $474,000 after purchasing an additional 1,382 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $19,194,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

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.