In yesterday’s Wall Street session, Kura Sushi USA Inc. (NASDAQ:KRUS) shares traded at $56.52, down -2.69% from the previous session.
4 analysts cover Kura Sushi USA Inc. (NASDAQ:KRUS), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $65.00, we find $70.00. Given the previous closing price of $58.08, this indicates a potential upside of 20.52 percent. KRUS stock price is now -3.42% away from the 50-day moving average and -9.15% away from the 200-day moving average. The market capitalization of the company currently stands at $514.90M.
The stock has received a hold rating from 0 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $73.33 as their price target over the next twelve months.
With the price target of $85, Stephens recently initiated with Overweight rating for Kura Sushi USA Inc. (NASDAQ: KRUS). On July 11, 2022, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $80, while ‘William Blair’ rates the stock as ‘Outperform’.
A total of 52.69% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KRUS stock. A new stake in Kura Sushi USA Inc. shares was purchased by FRED ALGER MANAGEMENT, LLC during the first quarter worth $20,033,000. MILLENNIUM MANAGEMENT LLC invested $5,275,000 in shares of KRUS during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Kura Sushi USA Inc. valued at approximately $3,120,000. D. E. SHAW & CO., INC. acquired a new stake in KRUS for approximately $2,411,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in KRUS valued at around $2,192,000 in the second quarter. In total, there are 116 active investors with 56.40% ownership of the company’s stock.
On Tuesday morning Kura Sushi USA Inc. (NASDAQ: KRUS) stock kicked off with the opening price of $58.80. During the past 12 months, Kura Sushi USA Inc. has had a low of $30.95 and a high of $96.60. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.40, and a quick ratio of 1.40. The fifty day moving average price for KRUS is $58.52 and a two-hundred day moving average price translates $62.21 for the stock.
The latest earnings results from Kura Sushi USA Inc. (NASDAQ: KRUS) was released for May, 2022. According to the Restaurants Company, earnings per share came in at $0.05, beating analysts’ expectations of -$0.1 by 0.15. This compares to -$0.13 EPS in the same period last year. The net profit margin was -1.00% and return on equity was -1.70% for KRUS. The company reported revenue of $39.32 million for the quarter, compared to $29.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.8 percent. For the current quarter, analysts expect KRUS to generate $41.9M in revenue.
Kura Sushi USA Inc.(KRUS) Company Profile
Kura Sushi USA, Inc. operates technology-enabled Japanese restaurants in the United States. The company’s restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as Kura Experience’. As of August 31, 2021, it operated 33 restaurants in nine states and Washington DC. The company was formerly known as Kula Sushi USA, Inc. and changed its name to Kura Sushi USA, Inc. in October 2017. The company was founded in 2008 and is headquartered in Irvine, California. Kura Sushi USA, Inc. is a subsidiary of Kura Sushi, Inc.