Kura Sushi USA (NASDAQ:KRUS) issued its quarterly earnings results on Sunday. The company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.06), Fidelity Earnings reports. Kura Sushi USA had a negative net margin of 38.43% and a negative return on equity of 31.52%.
Shares of Kura Sushi USA stock traded up $2.31 during midday trading on Tuesday, hitting $21.06. The company’s stock had a trading volume of 3,120 shares, compared to its average volume of 56,308. The firm has a market capitalization of $175.68 million, a P/E ratio of -10.29 and a beta of 2.25. The stock has a 50-day simple moving average of $18.18 and a 200-day simple moving average of $14.59. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.03. Kura Sushi USA has a 1-year low of $5.07 and a 1-year high of $25.22.
A number of equities analysts have issued reports on the company. Roth Capital increased their price target on Kura Sushi USA from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Stephens raised their price objective on Kura Sushi USA from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, January 7th. ValuEngine raised Kura Sushi USA from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 21st. Zacks Investment Research lowered Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Tuesday, December 22nd. Finally, Daiwa Capital Markets started coverage on Kura Sushi USA in a research note on Tuesday, October 6th. They set an “outperform” rating for the company. 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 company. The stock presently has a consensus 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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