Kura Sushi USA (NASDAQ:KRUS) Insider Sells $720,110.82 in Stock

Kura Sushi USA, Inc. (NASDAQ:KRUS) insider Hajime Uba sold 9,874 shares of the company’s stock in a transaction that occurred 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 owned 6,026 shares of the company’s stock, valued at approximately $439,476.18. This represents a 62.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kura Sushi USA Stock Down 2.7%

NASDAQ:KRUS opened at $69.88 on Friday. The firm’s fifty day simple moving average is $56.72 and its 200 day simple moving average is $66.49. The stock has a market cap of $846.25 million, a P/E ratio of -211.76 and a beta of 1.68. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $95.98.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data 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 company had revenue of $73.46 million during the quarter, compared to the consensus estimate of $72.98 million. During the same quarter last year, the company posted ($0.08) earnings per share. On average, analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KRUS shares. Barclays cut their price objective on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Citigroup restated a “neutral” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Lake Street Capital reaffirmed a “buy” rating and issued a $70.00 price target on shares of Kura Sushi USA in a research note on Thursday, January 8th. Sanford C. Bernstein set a $67.00 price objective on Kura Sushi USA in a research report on Wednesday, October 22nd. Finally, Benchmark restated a “buy” rating on shares of Kura Sushi USA in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Hold” and an average target price of $76.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KRUS. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA in the second quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its stake in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares in the last quarter. BNP Paribas Financial Markets grew its position in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the last quarter. Tower Research Capital LLC TRC grew its position in 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 last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Kura Sushi USA by 1,701.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $105,000 after purchasing an additional 1,889 shares in the last quarter. Hedge funds and other 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.