Kura Sushi USA (NASDAQ:KRUS) posted its quarterly earnings data on Sunday. The company reported ($0.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.65) by ($0.06), Fidelity Earnings reports. Kura Sushi USA had a negative return on equity of 31.52% and a negative net margin of 38.43%.
NASDAQ KRUS 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 company has a 50 day moving average of $18.18 and a two-hundred day moving average of $14.59. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.03. Kura Sushi USA has a 52-week low of $5.07 and a 52-week high of $25.22. The firm has a market cap of $175.77 million, a price-to-earnings ratio of -10.29 and a beta of 2.25.
A number of equities analysts recently weighed in on the stock. Stephens increased their price objective on shares of Kura Sushi USA from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, January 7th. ValuEngine raised shares of Kura Sushi USA from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 21st. Daiwa Capital Markets began coverage on Kura Sushi USA in a report on Tuesday, October 6th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Tuesday, December 22nd. Finally, Craig Hallum upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and upped their price target for the stock from $17.00 to $25.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given 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 price target 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.
Featured Article: How is a management fee different from a performance fee?
Receive News & Ratings for Kura Sushi USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kura Sushi USA and related companies with MarketBeat.com's FREE daily email newsletter.