William Blair Comments on Kura Sushi USA, Inc.’s FY2024 Earnings (NASDAQ:KRUS)

Kura Sushi USA, Inc. (NASDAQ:KRUS) – Stock analysts at William Blair reduced their FY2024 EPS estimates for shares of Kura Sushi USA in a research report issued on Tuesday, June 25th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.22 for the year, down from their previous estimate of $0.26. William Blair has a “Outperform” rating on the stock. The consensus estimate for Kura Sushi USA’s current full-year earnings is $0.24 per share.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results 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 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 analysts’ expectations of $56.65 million.

Other analysts also recently issued research reports about the stock. Lake Street Capital raised their price objective on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Craig Hallum lifted their price target on shares of Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Citigroup increased their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Piper Sandler began coverage on Kura Sushi USA in a research note on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 target price on the stock. Finally, Barclays increased their price target on Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.75.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $83.82 on Wednesday. The firm has a market cap of $941.30 million, a PE ratio of 598.76 and a beta of 1.93. Kura Sushi USA has a 1 year low of $51.02 and a 1 year high of $122.81. The stock has a fifty day moving average price of $99.67 and a 200-day moving average price of $96.38.

Institutional Trading of Kura Sushi USA

Several institutional investors and hedge funds have recently bought and sold shares of KRUS. GSA Capital Partners LLP bought a new position in shares of Kura Sushi USA in the fourth quarter worth $2,991,000. Wasatch Advisors LP increased its stake in Kura Sushi USA by 25.1% in the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after acquiring an additional 22,621 shares during the last quarter. Rheos Capital Works Inc. purchased a new stake in shares of Kura Sushi USA in the 1st quarter valued at about $10,940,000. Vanguard Group Inc. boosted its position in shares of Kura Sushi USA by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after acquiring an additional 2,731 shares during the last quarter. Finally, Millrace Asset Group Inc. purchased a new position in shares of Kura Sushi USA during the fourth quarter worth about $1,499,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA 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 value of $549,850.00. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at approximately $144,390.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Kura Sushi USA Company Profile