Kura Sushi USA (NASDAQ:KRUS) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Kura Sushi USA (NASDAQ:KRUS) released its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate 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 Price Performance

Shares of NASDAQ:KRUS traded down $0.83 during trading on Tuesday, reaching $102.18. 220,221 shares of the company were exchanged, compared to its average volume of 177,909. The business’s fifty day simple moving average is $97.01 and its 200-day simple moving average is $79.24. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The firm has a market capitalization of $1.22 billion, a PE ratio of -131.00 and a beta of 1.84.

Wall Street Analysts Forecast Growth

KRUS has been the topic of a number of analyst reports. Piper Sandler boosted 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 initiated coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price target on the stock. Craig Hallum raised their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays boosted their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA presently has an average rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Company Profile