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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $89.00.

Several equities analysts recently weighed in on KRUS shares. Benchmark increased their price objective on shares of Kura Sushi USA from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, January 12th. Lake Street Capital increased their price objective on shares of Kura Sushi USA from $63.00 to $70.00 and gave the company a “hold” rating in a report on Friday, January 5th.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $119.98 on Thursday. The firm’s 50-day moving average is $98.62 and its 200-day moving average is $79.22. Kura Sushi USA has a 52-week low of $51.02 and a 52-week high of $122.41. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 922.99 and a beta of 1.97.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Thursday, January 4th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Kura Sushi USA had a return on equity of 1.06% and a net margin of 0.77%. The firm had revenue of $51.48 million for the quarter, compared to the consensus estimate of $51.95 million. Equities analysts predict that Kura Sushi USA will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, insider Brent Takao sold 14,422 shares of Kura Sushi USA stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $88.97, for a total transaction of $1,283,125.34. Following the completion of the sale, the insider now owns 1,687 shares of the company’s stock, valued at approximately $150,092.39. 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 insiders.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trexquant Investment LP raised its position in shares of Kura Sushi USA by 29.5% in the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock valued at $350,000 after buying an additional 1,208 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Kura Sushi USA by 101.2% in the 3rd quarter. Valmark Advisers Inc. now owns 16,153 shares of the company’s stock valued at $1,068,000 after buying an additional 8,123 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Kura Sushi USA by 14.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock valued at $13,865,000 after buying an additional 25,985 shares in the last quarter. Marshall Wace LLP increased its position in Kura Sushi USA by 23.1% during the 2nd quarter. Marshall Wace LLP now owns 248,939 shares of the company’s stock worth $23,139,000 after purchasing an additional 46,795 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in Kura Sushi USA by 40.4% during the 2nd quarter. Osaic Holdings Inc. now owns 29,594 shares of the company’s stock worth $2,751,000 after purchasing an additional 8,514 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile