The price target for Kura Sushi USA (NASDAQ: KRUS) was reduced by equity analysts at BMO Capital Markets in a research note that was made public on Friday. The new price objective is $53.00, which decreases from the previous price objective of $70.00. In addition, the rating given to the company’s stock has been changed to reflect that it “market performs.” According to the price objective that BMO Capital Markets provided, there is a possibility that the price of the stock could increase from its current level of 9.53% in the future.
In recent times, several well-known equity research analysts have penned studies on the company, shifting the focus of their attention to that particular entity. Craig Hallum stated they want to set their price goal for Kura Sushi USA at $82.00. This information was included in a research note that was published on November 16. According to TheStreet, Kura Sushi USA was assigned a grade of “d+” on November 23 after receiving a grade of “c” before that date. On September 22, Stephens started writing about Kura Sushi USA in a research note he had been working on. This was the result of all of his hard work. They suggested that investors took an “overweight” position in the stock and established a price objective of $85.00.
On Friday, the NASDAQ: KRUS stock was first offered for trading for $48.39. The current price of a single item at Kura Sushi USA represents a one-year high of $96.60, while the current price of a single item represents a one-year low of $30.95. The company’s stock is currently trading at a moving average of $61.93, while its moving average price for the past 200 days is $69.24. The company’s price-to-earnings ratio is -604.88, and its beta value is 1.89. The current value of its market capitalization is calculated to be $473.74 million.
On November 10, the most recent quarterly earnings report was made available for Kura Sushi USA, Inc. (NASDAQ: KRUS). Most analysts in this sector predicted that the company would earn $0.05 per share for the quarter, but the actual earnings were $0.21 per share, representing an increase of $0.16 per share. The return on equity and the net margin for Kura Sushi USA were red. The return on equity was -0.65%, and the net margin was -0.54%. The company’s sales for the quarter came in at $42 million, significantly higher than the general expectation of $41.55 million, which was derived from polling all available investors. The financial experts’ projections indicate that Kura Sushi USA will close out the current financial year with a loss equal to 0.12 cents per share.
In recent months, the company’s stock market has been the focus of activity from several major investors, who have been buying and selling shares. The Bank of New York Mellon Corporation increased the proportion of Kura Sushi USA owned by 53.9% during the first three months of 2018. Following the purchase of an additional 6,321 shares over the preceding three months, the Bank of New York Mellon Corporation now directly owns 18,041 shares in the company, which have a value of $995k. These shares were purchased for a total expenditure of 9905 dollars. MetLife Investment Management LLC’s holdings in Kura Sushi USA grew by 55.7% during the first three months of the year compared to the previous quarter’s holdings. After purchasing an additional 826 shares during the relevant period, MetLife Investment Management LLC now has a total of 2,310 shares. These shares are currently valued at a total of $127,000. Rhumbline Advisers made a capital investment of $220,000 during the first three months of 2018 to contribute to Kura Sushi USA. BlackRock Inc. increased the proportion of Kura Sushi USA owned by 6.7% over the first three months of 2018. BlackRock Inc. now has 247,111 shares of the company’s stock, which are currently valued at $13,629,000 after the company made an additional purchase of 15,517 shares during the period in question. Finally, dimensional Fund Advisors LP increased its holdings in Kura Sushi USA by 292.9% during the year’s first three months. This is the last but not the least important point. The current value of Dimensional Fund Advisors LP’s holdings in the company’s stock is $1,158,000. They currently possess 20,992 shares. This is a direct result of purchasing 15,649 additional shares during the relevant period. The total number of shares held by hedge funds and other institutional investors amounts to 49.16% of the total number of shares issued by the company.
Technology is utilized in the day-to-day operations of the Japanese restaurant chain Kura Sushi USA, Inc., based in the United States. The “Kura Experience” is a rotating sushi service in restaurants owned and operated by the company. These establishments focus on Japanese cuisine. As of August 31, 2022, it had 40 locations open for business across twelve states and the District of Columbia.
