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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $86.20.

A number of brokerages have weighed in on KRUS. Craig Hallum lifted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Friday, February 21st. TD Securities started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target for the company. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, TD Cowen began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price for the company.

Insider Buying and Selling

In other news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the sale, the director now owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRUS. Arcadia Investment Management Corp MI purchased a new position in Kura Sushi USA during the fourth quarter valued at approximately $31,000. Quest Partners LLC boosted its holdings in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the period. Quantbot Technologies LP acquired a new position in Kura Sushi USA during the 4th quarter valued at $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the 4th quarter valued at $77,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Kura Sushi USA during the 4th quarter valued at $109,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

Kura Sushi USA stock opened at $60.26 on Thursday. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81. The firm has a 50 day moving average price of $78.98 and a 200 day moving average price of $83.86. The company has a market cap of $727.10 million, a price-to-earnings ratio of -88.62 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Sell-side analysts predict that Kura Sushi USA will post 0.22 EPS for the current year.

About Kura Sushi USA