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

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

Insider Transactions at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the sale, the director now 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 SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KRUS. Royce & Associates LP increased its holdings in Kura Sushi USA by 12.1% in the third quarter. Royce & Associates LP now owns 37,000 shares of the company’s stock valued at $2,981,000 after purchasing an additional 4,000 shares during the period. Quest Partners LLC boosted its position in Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after acquiring an additional 471 shares during the last quarter. Jennison Associates LLC boosted its position in Kura Sushi USA by 32.2% during the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in Kura Sushi USA during the third quarter valued at $2,609,000. Finally, FMR LLC boosted its position in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after purchasing an additional 390,688 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Trading Up 2.7 %

NASDAQ KRUS traded up $1.39 on Wednesday, hitting $53.37. 215,899 shares of the company’s stock were exchanged, compared to its average volume of 184,001. The stock has a 50-day moving average of $71.63 and a 200-day moving average of $83.28. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81. The stock has a market cap of $643.96 million, a price-to-earnings ratio of -78.48 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results 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 net margin of 3.08% and a negative return on equity of 0.50%. As a group, analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen assumed coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target for the company. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Friday, February 21st. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, TD Securities assumed coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

About Kura Sushi USA