Kura Sushi USA (NASDAQ:KRUS) issued its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02, MarketWatch Earnings reports. Kura Sushi USA had a negative return on equity of 35.93% and a negative net margin of 15.86%. During the same period in the prior year, the firm earned ($0.71) earnings per share.
Kura Sushi USA stock opened at $70.00 on Friday. Kura Sushi USA has a twelve month low of $18.21 and a twelve month high of $85.62. The stock has a 50 day moving average of $65.22 and a two-hundred day moving average of $52.20. The company has a current ratio of 2.87, a quick ratio of 2.83 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $679.14 million, a price-to-earnings ratio of -57.38 and a beta of 1.98.
KRUS has been the subject of several recent analyst reports. Stephens raised their price target on Kura Sushi USA from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, November 12th. Zacks Investment Research cut Kura Sushi USA from a “buy” rating to a “hold” rating in a research note on Wednesday, December 8th. BMO Capital Markets raised their price objective on Kura Sushi USA from $45.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 12th. Roth Capital lifted their price target on Kura Sushi USA from $46.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 12th. Finally, Craig Hallum lifted their price target on Kura Sushi USA from $50.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Buy” and a consensus price target of $69.67.
Kura Sushi USA Company Profile
Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.
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