Kura Sushi USA (NASDAQ:KRUS) posted its quarterly earnings data on Sunday. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.06), Fidelity Earnings reports. Kura Sushi USA had a negative return on equity of 31.52% and a negative net margin of 38.43%.
Shares of KRUS stock traded up $2.31 during trading hours on Tuesday, reaching $21.06. 3,120 shares of the company were exchanged, compared to its average volume of 56,308. Kura Sushi USA has a fifty-two week low of $5.07 and a fifty-two week high of $25.22. The stock’s fifty day moving average is $18.18 and its two-hundred day moving average is $14.59. The company has a market cap of $175.68 million, a price-to-earnings ratio of -10.29 and a beta of 2.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.06 and a quick ratio of 1.03.
Several research analysts have recently issued reports on KRUS shares. Stephens boosted their price objective on shares of Kura Sushi USA from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, January 7th. Zacks Investment Research cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Tuesday, December 22nd. Roth Capital upped their target price on shares of Kura Sushi USA from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. ValuEngine upgraded shares of Kura Sushi USA from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 21st. Finally, Daiwa Capital Markets assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, October 6th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Kura Sushi USA has an average rating of “Buy” and a consensus target price of $22.17.
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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