Kura Sushi USA (NASDAQ:KRUS) Trading Up 7.8%

Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) shares were up 7.8% during trading on Friday . The company traded as high as $57.34 and last traded at $57.34. Approximately 3,695 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 292,367 shares. The stock had previously closed at $53.20.

Analysts Set New Price Targets

A number of analysts recently commented on KRUS shares. Stephens restated an “overweight” rating and issued a $85.00 price objective on shares of Kura Sushi USA in a research report on Friday, January 13th. TheStreet cut Kura Sushi USA from a “c” rating to a “d+” rating in a report on Wednesday, November 23rd. BMO Capital Markets lowered their target price on Kura Sushi USA from $70.00 to $53.00 and set a “market perform” rating for the company in a report on Friday, January 6th. Finally, Craig Hallum decreased their price objective on Kura Sushi USA to $82.00 in a report on Wednesday, November 16th.

Kura Sushi USA Price Performance

The stock has a market capitalization of $560.00 million, a price-to-earnings ratio of -357.44 and a beta of 1.89. The company’s 50-day simple moving average is $57.76 and its 200-day simple moving average is $69.79.

Kura Sushi USA (NASDAQ:KRUS – Get Rating) last released its quarterly earnings results on Thursday, January 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The firm had revenue of $39.32 million for the quarter, compared to analyst estimates of $39.90 million. Kura Sushi USA had a negative return on equity of 1.54% and a negative net margin of 1.05%. Research analysts expect that Kura Sushi USA, Inc. will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Amalgamated Bank acquired a new position in Kura Sushi USA in the 1st quarter valued at $36,000. Nisa Investment Advisors LLC acquired a new position in shares of Kura Sushi USA during the 2nd quarter worth $37,000. Tower Research Capital LLC TRC raised its holdings in shares of Kura Sushi USA by 521.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the company’s stock worth $75,000 after buying an additional 850 shares in the last quarter. UBS Group AG raised its holdings in shares of Kura Sushi USA by 2,040.6% during the 3rd quarter. UBS Group AG now owns 1,477 shares of the company’s stock worth $109,000 after buying an additional 1,408 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Kura Sushi USA by 55.7% during the 1st quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock worth $127,000 after buying an additional 826 shares in the last quarter. 49.16% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

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Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.