-$0.08 EPS Expected for Kura Sushi USA, Inc. (NASDAQ:KRUS) This Quarter

Wall Street analysts expect that Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) will announce earnings per share (EPS) of ($0.08) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kura Sushi USA’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.10). Kura Sushi USA posted earnings per share of ($0.54) during the same quarter last year, which indicates a positive year-over-year growth rate of 85.2%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Kura Sushi USA will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.47) to ($0.33). For the next financial year, analysts anticipate that the business will report earnings of $0.27 per share, with EPS estimates ranging from $0.13 to $0.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Kura Sushi USA.

Kura Sushi USA (NASDAQ:KRUS – Get Rating) last issued its earnings results on Thursday, April 7th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.04. The company had revenue of $31.29 million during the quarter, compared to analysts’ expectations of $30.10 million. Kura Sushi USA had a negative net margin of 2.99% and a negative return on equity of 11.80%. During the same quarter in the previous year, the company posted ($0.78) EPS.

Several brokerages have commented on KRUS. BMO Capital Markets upped their target price on shares of Kura Sushi USA from $70.00 to $80.00 in a research report on Friday, January 7th. Zacks Investment Research upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, March 9th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $66.67.

Shares of Kura Sushi USA stock opened at $44.18 on Thursday. The firm has a fifty day moving average of $52.20 and a two-hundred day moving average of $55.85. The stock has a market capitalization of $429.43 million, a price-to-earnings ratio of -138.06 and a beta of 2.07. Kura Sushi USA has a 52 week low of $33.05 and a 52 week high of $85.62.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of Kura Sushi USA by 35.4% in the 1st quarter. Russell Investments Group Ltd. now owns 98,973 shares of the company’s stock valued at $5,457,000 after buying an additional 25,876 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in Kura Sushi USA in the 1st quarter worth $692,000. Stephens Inc. AR boosted its stake in Kura Sushi USA by 7.1% in the 1st quarter. Stephens Inc. AR now owns 900,854 shares of the company’s stock worth $49,682,000 after purchasing an additional 59,898 shares during the period. Victory Capital Management Inc. boosted its stake in Kura Sushi USA by 49.4% in the 1st quarter. Victory Capital Management Inc. now owns 24,638 shares of the company’s stock worth $1,236,000 after purchasing an additional 8,143 shares during the period. Finally, Roubaix Capital LLC boosted its stake in Kura Sushi USA by 177.1% in the 1st quarter. Roubaix Capital LLC now owns 60,716 shares of the company’s stock worth $3,348,000 after purchasing an additional 38,804 shares during the period. Institutional investors and hedge funds own 35.55% of the company’s stock.

About Kura Sushi USA (Get Rating)

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as ‘Kura Experience'. As of August 31, 2021, it operated 33 restaurants in nine states and Washington DC.

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