Kura Sushi USA (KRUS) Set to Announce Quarterly Earnings on Thursday

Kura Sushi USA (NASDAQ:KRUS) is scheduled to be announcing its earnings results after the market closes on Thursday, April 4th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Kura Sushi USA has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Thursday, January 4th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The firm had revenue of $51.48 million for the quarter, compared to analysts’ expectations of $51.95 million. Kura Sushi USA had a net margin of 0.77% and a return on equity of 1.06%. On average, analysts expect Kura Sushi USA to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kura Sushi USA Stock Down 3.5 %

Shares of KRUS opened at $107.50 on Wednesday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 827.29 and a beta of 1.98. The firm has a fifty day simple moving average of $100.66 and a two-hundred day simple moving average of $80.25. Kura Sushi USA has a twelve month low of $51.02 and a twelve month high of $122.81.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KRUS. Lake Street Capital increased their price target on shares of Kura Sushi USA from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, January 5th. Craig Hallum raised their price objective on shares of Kura Sushi USA from $90.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Benchmark lifted their price target on shares of Kura Sushi USA from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.14.

Insider Activity

In other Kura Sushi USA news, insider Brent Takao sold 14,422 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $88.97, for a total value of $1,283,125.34. Following the sale, the insider now owns 1,687 shares in the company, valued at approximately $150,092.39. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Kura Sushi USA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its stake in Kura Sushi USA by 685.8% during the fourth quarter. US Bancorp DE now owns 2,491 shares of the company’s stock worth $189,000 after purchasing an additional 2,174 shares during the last quarter. Credit Suisse AG increased its holdings in shares of Kura Sushi USA by 12,296.3% in the fourth quarter. Credit Suisse AG now owns 3,347 shares of the company’s stock valued at $160,000 after purchasing an additional 3,320 shares during the period. Barclays PLC increased its holdings in shares of Kura Sushi USA by 88.5% in the first quarter. Barclays PLC now owns 2,341 shares of the company’s stock valued at $154,000 after purchasing an additional 1,099 shares during the period. Bank of America Corp DE increased its holdings in shares of Kura Sushi USA by 168.0% in the fourth quarter. Bank of America Corp DE now owns 3,146 shares of the company’s stock valued at $150,000 after purchasing an additional 1,972 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Kura Sushi USA by 55.7% in the first quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock valued at $127,000 after purchasing an additional 826 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA