Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of “Hold” from Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $76.9091.

Several equities analysts have weighed in on KRUS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Monday, December 29th. Loop Capital set a $70.00 price target on Kura Sushi USA in a report on Thursday, January 8th. Barclays reduced their price objective on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. TD Cowen lowered their target price on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Finally, Sanford C. Bernstein set a $67.00 price target on shares of Kura Sushi USA in a research report on Wednesday, October 22nd.

Kura Sushi USA Trading Down 0.2%

Shares of KRUS opened at $69.76 on Thursday. Kura Sushi USA has a 1-year low of $40.03 and a 1-year high of $95.98. The stock has a market capitalization of $844.79 million, a P/E ratio of -211.39 and a beta of 1.72. The business’s 50-day moving average price is $64.67 and its 200 day moving average price is $64.93.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Wednesday, January 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.06). Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.The firm had revenue of $73.46 million during the quarter, compared to analyst estimates of $72.98 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, research analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity at Kura Sushi USA

In other news, insider Hajime Uba sold 9,874 shares of the company’s stock in a transaction on Friday, January 16th. The shares were 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 represents a 62.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KRUS. Deutsche Bank AG boosted its position in Kura Sushi USA by 4.2% during the fourth quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock worth $283,000 after purchasing an additional 218 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after buying an additional 284 shares during the period. Bank of America Corp DE grew its stake in Kura Sushi USA by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock valued at $334,000 after buying an additional 287 shares during the last quarter. Raymond James Financial Inc. bought a new position in Kura Sushi USA in the 2nd quarter worth $29,000. Finally, Key Financial Inc lifted its position in Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after acquiring an additional 540 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

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.