Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $102.00.

A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Roth Mkm restated a “buy” rating and set a $90.00 price target (down previously from $120.00) on shares of Kura Sushi USA in a research note on Friday. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Barclays lowered their target price on shares of Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Craig Hallum lowered their price objective on Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday.

Kura Sushi USA Stock Down 23.4 %

Shares of Kura Sushi USA stock opened at $63.09 on Friday. The firm has a market capitalization of $708.50 million, a P/E ratio of 450.68 and a beta of 1.93. Kura Sushi USA has a 52 week low of $51.02 and a 52 week high of $122.81. The firm’s 50 day moving average is $97.72 and its two-hundred day moving average is $96.22.

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 the consensus estimate of ($0.01) by ($0.08). The firm had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. As a group, research analysts expect that Kura Sushi USA will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Kura Sushi USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. GSA Capital Partners LLP acquired a new position in Kura Sushi USA in the fourth quarter valued at $2,991,000. Wasatch Advisors LP raised its holdings in shares of Kura Sushi USA by 25.1% during the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after buying an additional 22,621 shares during the period. Rheos Capital Works Inc. purchased a new position in Kura Sushi USA in the 1st quarter worth approximately $10,940,000. Vanguard Group Inc. grew its position in Kura Sushi USA by 0.9% in the third 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 in the last quarter. Finally, Millrace Asset Group Inc. purchased a new stake in shares of Kura Sushi USA during the fourth quarter valued at approximately $1,499,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA