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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $89.00.

Several analysts recently commented on the company. Benchmark raised their target price on Kura Sushi USA from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Lake Street Capital raised their target price on Kura Sushi USA from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, January 5th.

Insider Buying and Selling at Kura Sushi USA

In other news, insider Brent Takao sold 14,422 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $88.97, for a total value of $1,283,125.34. Following the transaction, the insider now owns 1,687 shares in the company, valued at $150,092.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate 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 lifted its position in shares of Kura Sushi USA by 29.5% in the third quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock valued at $350,000 after acquiring an additional 1,208 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of Kura Sushi USA by 101.2% in the third quarter. Valmark Advisers Inc. now owns 16,153 shares of the company’s stock valued at $1,068,000 after acquiring an additional 8,123 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Kura Sushi USA by 14.1% in the third quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock valued at $13,865,000 after acquiring an additional 25,985 shares in the last quarter. Marshall Wace LLP lifted its position in Kura Sushi USA by 23.1% during the second quarter. Marshall Wace LLP now owns 248,939 shares of the company’s stock worth $23,139,000 after buying an additional 46,795 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in Kura Sushi USA by 40.4% during the second quarter. Osaic Holdings Inc. now owns 29,594 shares of the company’s stock worth $2,751,000 after buying an additional 8,514 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $119.98 on Thursday. The firm has a market capitalization of $1.34 billion, a PE ratio of 922.99 and a beta of 1.97. Kura Sushi USA has a fifty-two week low of $51.02 and a fifty-two week high of $122.41. The stock’s 50-day simple moving average is $98.62 and its 200-day simple moving average is $79.22.

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

Kura Sushi USA Company Profile