Kura Sushi USA, Inc. (NASDAQ:KRUS) Short Interest Update

Kura Sushi USA, Inc. (NASDAQ:KRUS) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,010,000 shares, a decrease of 17.2% from the February 13th total of 1,220,000 shares. Approximately 16.0% of the shares of the company are sold short. Based on an average daily volume of 186,700 shares, the short-interest ratio is presently 5.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KRUS shares. TD Securities began coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, TD Cowen assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of “Moderate Buy” and an average price target of $86.20.

Insider Activity at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Trading of Kura Sushi USA

Several large investors have recently added to or reduced their stakes in KRUS. Arcadia Investment Management Corp MI purchased a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $31,000. Quest Partners LLC boosted its position in shares of Kura Sushi USA by 237.9% during the third 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 shares of Kura Sushi USA during the fourth quarter worth about $61,000. BNP Paribas Financial Markets purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth approximately $77,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Kura Sushi USA in the 4th quarter valued at approximately $109,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

NASDAQ KRUS traded up $1.97 during mid-day trading on Thursday, reaching $55.34. 41,081 shares of the stock were exchanged, compared to its average volume of 183,318. The company has a market capitalization of $667.67 million, a P/E ratio of -80.05 and a beta of 1.82. The business’s 50 day moving average is $70.89 and its 200-day moving average is $83.08. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) 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%. Equities analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile