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

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to 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 have recently weighed in on KRUS shares. Barclays lowered their price target on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 7th. Lake Street Capital reiterated a “buy” rating and issued a $70.00 target price on shares of Kura Sushi USA in a report on Thursday, January 8th. Piper Sandler increased their price target on shares of Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Benchmark reaffirmed a “buy” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Finally, Loop Capital set a $70.00 target price on shares of Kura Sushi USA in a research report on Thursday, January 8th.

Insider Buying and Selling at Kura Sushi USA

In related news, insider Hajime Uba sold 9,874 shares of the stock in a transaction 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 sale, the insider directly owned 6,026 shares in the company, valued at approximately $439,476.18. This trade represents a 62.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KRUS. Raymond James Financial Inc. bought a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $29,000. Key Financial Inc lifted its stake in Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after acquiring an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Kura Sushi USA in the fourth quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 736 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased 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 worth $82,000 after purchasing an additional 284 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $71.14 on Thursday. The firm’s 50 day simple moving average is $65.80 and its 200-day simple moving average is $64.48. The company has a market cap of $861.51 million, a P/E ratio of -215.58 and a beta of 1.72. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $95.98.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly 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 net margin of 1.37% and a negative return on equity of 0.63%. The firm had revenue of $73.46 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter last year, the company posted ($0.08) EPS. On average, analysts expect that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile

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.