Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Average Rating of “Hold” by Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $76.9091.

A number of analysts recently commented on the company. Piper Sandler upped their price objective on Kura Sushi USA from $59.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Royal Bank Of Canada set a $85.00 price objective on shares of Kura Sushi USA in a research note on Tuesday. Finally, Sanford C. Bernstein set a $67.00 target price on shares of Kura Sushi USA in a research report on Wednesday, October 22nd.

Kura Sushi USA Stock Down 2.7%

Shares of KRUS stock opened at $69.88 on Friday. The company has a 50 day moving average price of $56.72 and a 200-day moving average price of $66.35. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $95.98. The firm has a market capitalization of $846.25 million, a PE ratio of -211.76 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Kura Sushi USA had a negative net margin of 1.37% and a negative return on equity of 0.63%. The company had revenue of $73.46 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter last year, the company earned ($0.08) EPS. Analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity at Kura Sushi USA

In related news, insider Hajime Uba sold 9,874 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $72.93, for a total value of $720,110.82. Following the transaction, the insider directly owned 6,026 shares of the company’s stock, valued at approximately $439,476.18. This trade represents a 62.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.28% of the stock is owned by company insiders.

Institutional Trading of Kura Sushi USA

Hedge funds have recently bought and sold shares of the stock. Divisadero Street Capital Management LP bought a new position in shares of Kura Sushi USA in the third quarter worth about $34,586,000. Granahan Investment Management LLC increased its holdings in Kura Sushi USA by 125.4% in the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock worth $39,865,000 after acquiring an additional 373,354 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in Kura Sushi USA in the 2nd quarter worth approximately $31,561,000. Woodline Partners LP raised its stake in Kura Sushi USA by 270.3% during the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after acquiring an additional 213,158 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Kura Sushi USA by 71.1% during the second quarter. Marshall Wace LLP now owns 286,075 shares of the company’s stock valued at $24,625,000 after purchasing an additional 118,906 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.