Kura Sushi USA (KRUS) Stock Drops Amid Industry Volatility

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Dec 02, 2024
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Kura Sushi USA, Inc. (KRUS, Financial) experienced a significant stock decline of 5.23%, trading at $101.33 per share, with a volume of 52,770 shares and a turnover rate of 0.44%. The company's latest financial report revealed a revenue of $238 million, a net loss of $8.80 million, and an earnings per share (EPS) of -$0.79. The gross profit stood at $29.10 million, with a price-to-earnings (P/E) ratio of -128.27. Among nine rating institutions, 56% recommended buying, while 44% suggested holding the stock.

In the restaurant industry, which saw an overall decline of 0.86%, notable performers included Reborn Coffee, Inc., Noodles & Company, and Biglari Holdings Inc. Active stocks were CB Country Store, Dine Brands Global Inc, and Yoshiharu Global Co., with significant fluctuations observed in Pinstripes Holdings, Inc., Xiangsong International, and Yoshiharu Global Co.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.