Kura Sushi USA (NASDAQ:KRUS) released its earnings results on Sunday. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 KRUS stock traded up $2.32 during trading hours on Tuesday, hitting $21.07. 2,171 shares of the company were exchanged, compared to its average volume of 56,308. The firm has a market cap of $175.77 million, a PE ratio of -10.29 and a beta of 2.25. Kura Sushi USA has a 1 year low of $5.07 and a 1 year high of $25.22. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $18.18 and a 200 day moving average of $14.59.
A number of research analysts have issued reports on KRUS shares. ValuEngine upgraded shares of Kura Sushi USA from a “buy” rating to a “strong-buy” rating in a report on Monday, December 21st. Craig Hallum upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and upped their target price for the company from $17.00 to $25.00 in a report on Tuesday. Zacks Investment Research lowered shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Tuesday, December 22nd. Roth Capital upped their target price on shares of Kura Sushi USA from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Stephens upped their target price on shares of Kura Sushi USA from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, January 7th. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.17.
Kura Sushi USA Company Profile
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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