Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $89.75.

A number of brokerages recently issued reports on KRUS. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Craig Hallum raised their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays boosted their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler raised their target price on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Lake Street Capital upped their price target on shares of Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th.

Insider Buying and Selling

In other news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction 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 transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Trading of Kura Sushi USA

Several hedge funds have recently added to or reduced their stakes in KRUS. FMR LLC increased its holdings in shares of Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after acquiring an additional 390,688 shares in the last quarter. Fred Alger Management LLC grew its position in shares of Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after purchasing an additional 99,515 shares during the period. Portolan Capital Management LLC increased its stake in Kura Sushi USA by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock worth $17,444,000 after purchasing an additional 28,655 shares in the last quarter. Rheos Capital Works Inc. raised its holdings in Kura Sushi USA by 6.3% during the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after buying an additional 12,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Kura Sushi USA by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after buying an additional 8,146 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Trading Up 7.1 %

Shares of KRUS stock opened at $78.74 on Wednesday. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The company has a market capitalization of $950.08 million, a P/E ratio of -115.79 and a beta of 1.84. The stock has a 50 day moving average of $94.45 and a two-hundred day moving average of $80.08.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data 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 return on equity of 0.50% and a negative net margin of 3.08%. Sell-side analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile