Kura Sushi USA (NASDAQ:KRUS) Trading Up 5.7% – Time to Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price traded up 5.7% during trading on Tuesday . The stock traded as high as $67.78 and last traded at $68.42. 317,928 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 200,040 shares. The stock had previously closed at $64.71.

Analyst Ratings Changes

Several analysts have recently weighed in on KRUS shares. Piper Sandler raised their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays raised their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. TD Securities assumed coverage on Kura Sushi USA in a research note on Tuesday. They issued a “hold” rating and a $72.00 price objective on the stock. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Friday. Finally, TD Cowen began coverage on Kura Sushi USA in a report on Tuesday. They issued a “hold” rating and a $72.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.20.

Kura Sushi USA Stock Up 5.0 %

The company has a market capitalization of $819.52 million, a P/E ratio of -99.65 and a beta of 1.81. The firm’s 50-day moving average price is $83.15 and its 200 day moving average price is $83.92.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. As a group, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Insider Transactions at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the sale, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Large investors have recently modified their holdings of the company. Barclays PLC increased its position in shares of Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after purchasing an additional 9,229 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Kura Sushi USA during the third quarter valued at about $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after acquiring an additional 1,644 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of Kura Sushi USA by 24.5% in the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after purchasing an additional 99,515 shares during the last quarter. Finally, Millrace Asset Group Inc. purchased a new position in shares of Kura Sushi USA in the third quarter valued at about $790,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile