Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $78.00.

KRUS has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th. Citigroup reaffirmed a “neutral” rating on shares of Kura Sushi USA in a report on Thursday, January 8th. Loop Capital set a $70.00 price objective on shares of Kura Sushi USA in a research note on Thursday, January 8th. Royal Bank Of Canada set a $85.00 price objective on shares of Kura Sushi USA in a report on Tuesday, January 20th. Finally, Wall Street Zen downgraded shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 10th.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $55.92 on Monday. The stock has a market cap of $677.25 million, a price-to-earnings ratio of -169.45 and a beta of 1.68. Kura Sushi USA has a one year low of $40.03 and a one year high of $95.98. The business’s 50-day simple moving average is $68.35 and its 200 day simple moving average is $62.45.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Kura Sushi USA had a negative net margin of 1.37% and a negative return on equity of 0.63%. The business had revenue of $73.46 million for the quarter, compared to analyst estimates of $72.98 million. During the same quarter last year, the business earned ($0.08) EPS. On average, equities research analysts predict that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Hajime Uba sold 9,874 shares of Kura Sushi USA stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $72.93, for a total value of $720,110.82. Following the completion of the transaction, the insider directly owned 6,026 shares in the company, valued at approximately $439,476.18. This trade represents a 62.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.28% of the company’s stock.

Institutional Trading of Kura Sushi USA

Several institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG grew its position in shares of Kura Sushi USA by 4.2% in the 4th quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock worth $283,000 after acquiring an additional 218 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after acquiring an additional 284 shares in the last quarter. Bank of America Corp DE raised its position in shares of Kura Sushi USA by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock valued at $334,000 after acquiring an additional 287 shares in the last quarter. Raymond James Financial Inc. bought a new position in Kura Sushi USA during the second quarter worth $29,000. Finally, Key Financial Inc lifted its stake in Kura Sushi USA by 720.0% during the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.