Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii Sells 6,918 Shares

Kura Sushi USA, Inc. (NASDAQ:KRUS) 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 value of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kura Sushi USA Trading Up 7.1 %

Shares of NASDAQ KRUS traded up $5.22 during midday trading on Tuesday, reaching $78.74. The company had a trading volume of 169,631 shares, compared to its average volume of 203,094. The stock has a market cap of $950.39 million, a P/E ratio of -115.79 and a beta of 1.84. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The business’s 50-day simple moving average is $94.45 and its 200 day simple moving average is $80.08.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Lake Street Capital lifted their price objective 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. Barclays boosted their price objective on shares of 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 lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Craig Hallum increased their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moody National Bank Trust Division grew its position in Kura Sushi USA by 13.4% during the 4th quarter. Moody National Bank Trust Division now owns 23,067 shares of the company’s stock worth $2,089,000 after purchasing an additional 2,728 shares during the period. Kings Path Partners LLC raised its position in Kura Sushi USA by 8.2% during the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after acquiring an additional 831 shares in the last quarter. Barclays PLC raised its position in Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after acquiring an additional 9,229 shares in the last quarter. State Street Corp lifted its holdings in Kura Sushi USA by 0.8% in the third quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after acquiring an additional 1,016 shares during the period. Finally, Portolan Capital Management LLC boosted its position in Kura Sushi USA by 15.3% in 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. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA