Kura Sushi USA (NASDAQ:KRUS) Announces Earnings Results

Kura Sushi USA (NASDAQ:KRUS) posted its quarterly earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16, Zacks reports. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%.

Kura Sushi USA Stock Performance

KRUS stock traded down $0.83 during trading on Tuesday, hitting $102.18. 220,221 shares of the company’s stock traded hands, compared to its average volume of 177,909. The business has a fifty day simple moving average of $97.01 and a 200 day simple moving average of $79.24. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -131.00 and a beta of 1.84.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays lifted their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Northcoast Research assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Finally, Craig Hallum raised their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Company Profile