Kura Sushi USA, Inc. (NASDAQ:KRUS) Short Interest Down 7.4% in May

Kura Sushi USA, Inc. (NASDAQ:KRUS) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 1,510,000 shares, a decline of 7.4% from the May 15th total of 1,630,000 shares. Currently, 24.8% of the company’s stock are short sold. Based on an average daily volume of 137,000 shares, the days-to-cover ratio is presently 11.0 days.

Analyst Upgrades and Downgrades

KRUS has been the subject of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Kura Sushi USA in a report on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 price objective for the company. Barclays upped their price target on Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Craig Hallum lifted their price objective on Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Finally, Lake Street Capital lifted their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kura Sushi USA presently has a consensus rating of “Moderate Buy” and an average price target of $109.50.

Kura Sushi USA Trading Up 0.9 %

KRUS opened at $83.46 on Tuesday. Kura Sushi USA has a 12-month low of $51.02 and a 12-month high of $122.81. The company has a market cap of $937.26 million, a price-to-earnings ratio of 596.19 and a beta of 1.93. The company’s 50 day moving average is $102.75 and its 200 day moving average is $95.34.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. The business had revenue of $57.29 million for the quarter, compared to the consensus estimate of $56.65 million. As a group, analysts predict that Kura Sushi USA will post 0.26 EPS for the current fiscal year.

Insider Transactions at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $144,390.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KRUS. Comerica Bank lifted its position in shares of Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after acquiring an additional 99 shares in the last quarter. Quest Partners LLC purchased a new position in Kura Sushi USA in the 4th quarter worth approximately $36,000. Headlands Technologies LLC bought a new position in Kura Sushi USA in the 1st quarter worth approximately $46,000. Tower Research Capital LLC TRC grew its holdings in Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after buying an additional 746 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Kura Sushi USA during the fourth quarter valued at approximately $113,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile