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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $78.00.

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Benchmark reissued a “buy” rating on shares of Kura Sushi USA in a report on Thursday, January 8th. Citigroup restated a “neutral” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a report on Monday, December 29th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $70.00 price objective on shares of Kura Sushi USA in a research report on Thursday, January 8th.

Insiders Place Their Bets

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $72.93, for a total transaction of $720,110.82. Following the transaction, the insider owned 6,026 shares in the company, valued at approximately $439,476.18. This represents a 62.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.28% of the company’s stock.

Institutional Trading of Kura Sushi USA

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

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $57.59 on Monday. The firm has a market cap of $697.41 million, a P/E ratio of -174.52 and a beta of 1.67. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $95.98. The firm has a 50-day simple moving average of $68.67 and a two-hundred day simple moving average of $63.07.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share (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 the consensus estimate of $72.98 million. During the same quarter in the prior year, the company posted ($0.08) EPS. On average, equities research analysts predict that Kura Sushi USA will post 0.22 EPS for the current year.

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.