Kura Sushi USA (NASDAQ:KRUS) Given Buy Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Kura Sushi USA (NASDAQ:KRUS) in a report released on Monday morning,Benzinga reports. They currently have a $90.00 target price on the stock.

A number of other equities research analysts also recently weighed in on the company. Royal Bank Of Canada set a $85.00 target price on Kura Sushi USA in a research report on Tuesday, January 20th. Loop Capital set a $70.00 target price on Kura Sushi USA in a research report on Thursday, January 8th. Benchmark restated a “buy” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Barclays dropped their target price on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 7th. Finally, Lake Street Capital restated a “buy” rating and set a $70.00 target price on shares of Kura Sushi USA in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $78.00.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $72.60 on Monday. The stock has a fifty day moving average price of $67.13 and a two-hundred day moving average price of $61.15. Kura Sushi USA has a 52-week low of $40.24 and a 52-week high of $95.98. The company has a market cap of $879.19 million, a price-to-earnings ratio of -220.00 and a beta of 1.65.

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

Insider Buying and Selling at Kura Sushi USA

In other news, insider Hajime Uba sold 9,874 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $720,110.82. Following the completion of the sale, the insider owned 6,026 shares in the company, valued at $439,476.18. The trade was a 62.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pillsbury Lake Capital LLC bought a new stake in Kura Sushi USA in the fourth quarter valued at about $8,037,000. Millennium Management LLC increased its holdings in Kura Sushi USA by 1,404.2% in the fourth quarter. Millennium Management LLC now owns 168,820 shares of the company’s stock valued at $8,834,000 after purchasing an additional 157,597 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in Kura Sushi USA in the fourth quarter valued at about $1,308,000. Inspire Investing LLC increased its holdings in Kura Sushi USA by 18.0% in 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. bought a new stake in Kura Sushi USA in the fourth quarter valued at about $19,194,000. Institutional investors 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.