Q4 2024 Earnings Forecast for Kura Sushi USA, Inc. Issued By William Blair (NASDAQ:KRUS)

Kura Sushi USA, Inc. (NASDAQ:KRUS) – William Blair reduced their Q4 2024 earnings estimates for shares of Kura Sushi USA in a research note issued on Tuesday, June 25th. William Blair analyst S. Zackfia now anticipates that the company will earn $0.33 per share for the quarter, down from their prior forecast of $0.37. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Kura Sushi USA’s current full-year earnings is $0.24 per share.

KRUS has been the subject of several other research reports. Piper Sandler began coverage on shares of Kura Sushi USA in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 price objective for the company. Citigroup raised their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Benchmark reiterated a “buy” rating and issued a $115.00 price objective on shares of Kura Sushi USA in a report on Friday, June 21st. Barclays upped their price objective on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Finally, Lake Street Capital lifted their target price on Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and an average target price of $110.75.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $83.82 on Thursday. Kura Sushi USA has a 1 year low of $51.02 and a 1 year high of $122.81. The stock has a 50-day simple moving average of $99.67 and a 200-day simple moving average of $96.38. The stock has a market capitalization of $941.30 million, a P/E ratio of 598.76 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. The firm had revenue of $57.29 million for the quarter, compared to analyst estimates of $56.65 million.

Institutional Investors Weigh In On Kura Sushi USA

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

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $144,390.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Kura Sushi USA Company Profile