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

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

A number of research analysts recently commented on the company. Benchmark reissued a “buy” rating on shares of Kura Sushi USA in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 10th. TD Cowen cut their target price on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Sanford C. Bernstein set a $67.00 price target on shares of Kura Sushi USA in a report on Wednesday, October 22nd. Finally, Citigroup reiterated a “neutral” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $69.88 on Friday. 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. The stock has a fifty day simple moving average of $56.72 and a two-hundred day simple moving average of $66.35.

Kura Sushi USA (NASDAQ:KRUS) last announced 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). The business had revenue of $73.46 million during the quarter, compared to analysts’ expectations of $72.98 million. Kura Sushi USA had a negative net margin of 1.37% and a negative return on equity of 0.63%. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. On average, sell-side analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insider Activity at Kura Sushi USA

In related news, insider Hajime Uba sold 9,874 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $720,110.82. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.28% of the company’s stock.

Institutional Trading of Kura Sushi USA

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA during the 2nd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its position in Kura Sushi USA by 681.5% in the third 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 during the last quarter. BNP Paribas Financial Markets raised its stake in Kura Sushi USA by 95.3% during the third 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in Kura Sushi USA by 42.5% during the second 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 lifted its position in Kura Sushi USA by 1,701.8% during the fourth 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 during 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.