Stock Track | Kura Sushi Stock Plunges 9% on Disappointing Quarterly Results

Stock Track11-07

Shares of Kura Sushi USA, Inc. (KRUS) plummeted by 9.16% on November 7, 2024, following the release of the company's quarterly results for the period ending August 31, 2024. The Japanese restaurant chain reported an adjusted loss of $0.46 per share, missing analysts' expectations of breakeven results.

Despite the earnings miss, Kura Sushi's revenue rose by 20.2% year-over-year to $66.01 million, slightly exceeding Wall Street's projections. However, the company's net loss for the quarter widened to $5.2 million, compared to a profit in the same period last year.

Barclays analyst Jeff Bernstein assigned a "Hold" rating to Kura Sushi and set a price target of $70, indicating a cautious outlook for the company's near-term performance. On the other hand, Craig-Hallum raised its price target on the stock to $120 from $85, maintaining a "Buy" rating and expressing confidence in the company's long-term growth prospects.

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However, the company's net loss for the quarter widened to $5.2 million, compared to a profit in the same period last year.</p>\n\n<p>Barclays analyst Jeff Bernstein assigned a \"Hold\" rating to Kura Sushi and set a price target of $70, indicating a cautious outlook for the company's near-term performance. 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(KRUS) plummeted by 9.16% on November 7, 2024, following the release of the company's quarterly results for the period ending August 31, 2024. The Japanese restaurant ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KRUS","symbol_name":"Kura Sushi USA, Inc.","start_time":0,"source_url":"","article_id":"1147727174","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147727174","pubTimestamp":1730990241,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Kura Sushi USA, Inc.  plummeted by 9.16% on November 7, 2024, following the release of the company's quarterly results for the period ending August 31, 2024. 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