Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Sells $574,401.54 in Stock

Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were 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. This represents a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kura Sushi USA Stock Performance

Kura Sushi USA stock opened at $81.23 on Friday. The firm has a market cap of $980.45 million, a price-to-earnings ratio of -119.45 and a beta of 1.84. Kura Sushi USA, Inc. has a 52-week low of $48.66 and a 52-week high of $122.81. The firm has a 50 day moving average price of $93.92 and a two-hundred day moving average price of $80.20.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KRUS. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Piper Sandler lifted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays upped their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Craig Hallum lifted their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Lake Street Capital upped their price target on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC grew its stake in 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 purchasing an additional 471 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Kura Sushi USA during the 3rd quarter worth approximately $237,000. Jennison Associates LLC increased its stake in shares of Kura Sushi USA by 32.2% in the 3rd 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 in the last quarter. Rhumbline Advisers lifted its position in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares during the period. Finally, XTX Topco Ltd bought a new position in Kura Sushi USA during the second quarter worth $521,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile