Kura Sushi USA (NASDAQ:KRUS) Trading 5.2% Higher – Still a Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS) traded up 5.2% during trading on Wednesday . The stock traded as high as $56.42 and last traded at $56.61. 228,922 shares changed hands during trading, a decline of 21% from the average session volume of 290,915 shares. The stock had previously closed at $53.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Monday. Sanford C. Bernstein set a $67.00 price objective on Kura Sushi USA in a research report on Wednesday, October 22nd. Benchmark reduced their target price on Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Barclays decreased their price target on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Finally, TD Cowen decreased their price objective on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a research report on Friday, November 7th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kura Sushi USA currently has a consensus rating of “Hold” and an average target price of $82.13.

Kura Sushi USA Stock Performance

The firm has a market cap of $685.55 million, a PE ratio of -353.81 and a beta of 1.71. The stock has a 50 day simple moving average of $53.61 and a two-hundred day simple moving average of $69.22.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Monday, March 13th. The company reported ($0.13) EPS for the quarter. The company had revenue of $29.83 million for the quarter. Kura Sushi USA had a positive return on equity of 0.18% and a negative net margin of 0.67%. Equities research analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA in the second quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd grew its stake in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after acquiring an additional 736 shares during the period. Tower Research Capital LLC TRC increased its holdings in Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after acquiring an additional 284 shares in the last quarter. AlphaQuest LLC acquired a new position in Kura Sushi USA during the first quarter worth $68,000. Finally, BNP Paribas Financial Markets raised its position in Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after acquiring an additional 646 shares during the period. Institutional investors and hedge funds 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.