Kura Sushi USA, Inc. (NASDAQ:KRUS) Expected to Announce Quarterly Sales of $36.90 Million

Equities analysts expect that Kura Sushi USA, Inc. (NASDAQ:KRUSGet Rating) will announce $36.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Kura Sushi USA’s earnings, with the highest sales estimate coming in at $37.20 million and the lowest estimate coming in at $36.60 million. Kura Sushi USA reported sales of $18.47 million during the same quarter last year, which indicates a positive year over year growth rate of 99.8%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Kura Sushi USA will report full-year sales of $137.50 million for the current fiscal year, with estimates ranging from $135.50 million to $139.50 million. For the next fiscal year, analysts expect that the firm will report sales of $185.25 million, with estimates ranging from $184.30 million to $186.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Kura Sushi USA.

Kura Sushi USA (NASDAQ:KRUSGet Rating) last posted its quarterly earnings data on Thursday, April 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.04. Kura Sushi USA had a negative net margin of 2.99% and a negative return on equity of 11.80%. The company had revenue of $31.29 million during the quarter, compared to analysts’ expectations of $30.10 million. During the same period in the prior year, the company posted ($0.78) earnings per share.

KRUS has been the subject of several recent research reports. BMO Capital Markets boosted 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 price target on the stock in a report on Wednesday, March 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Buy” and an average price target of $66.67.

NASDAQ:KRUS opened at $41.61 on Friday. The stock has a market capitalization of $404.41 million, a price-to-earnings ratio of -130.03 and a beta of 2.07. The firm has a fifty day simple moving average of $51.79 and a two-hundred day simple moving average of $55.73. Kura Sushi USA has a 12 month low of $33.05 and a 12 month high of $85.62.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its stake in Kura Sushi USA by 336.6% in the first quarter. New York State Common Retirement Fund now owns 12,544 shares of the company’s stock valued at $692,000 after acquiring an additional 9,671 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Kura Sushi USA by 35.4% in the first quarter. Russell Investments Group Ltd. now owns 98,973 shares of the company’s stock valued at $5,457,000 after acquiring an additional 25,876 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in Kura Sushi USA in the first quarter valued at about $692,000. Stephens Inc. AR boosted its stake in Kura Sushi USA by 7.1% in the first quarter. Stephens Inc. AR now owns 900,854 shares of the company’s stock valued at $49,682,000 after acquiring an additional 59,898 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Kura Sushi USA by 49.4% in the first quarter. Victory Capital Management Inc. now owns 24,638 shares of the company’s stock valued at $1,236,000 after acquiring an additional 8,143 shares during the last quarter. Hedge funds and other institutional investors own 35.55% of the company’s stock.

Kura Sushi USA Company Profile (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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