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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $86.20.

KRUS has been the subject of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. TD Securities began coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Friday, February 21st. Finally, TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company.

Kura Sushi USA Price Performance

Shares of KRUS opened at $57.82 on Thursday. The stock has a market capitalization of $697.66 million, a PE ratio of -85.03 and a beta of 1.82. The business’s fifty day moving average price is $77.01 and its 200 day moving average price is $83.89. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81.

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

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kura Sushi USA by 16.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,624 shares of the company’s stock valued at $691,000 after acquiring an additional 1,052 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Kura Sushi USA by 18.7% during the fourth quarter. Two Sigma Advisers LP now owns 29,900 shares of the company’s stock worth $2,708,000 after purchasing an additional 4,700 shares during the period. Two Sigma Investments LP raised its position in shares of Kura Sushi USA by 82.3% during the fourth quarter. Two Sigma Investments LP now owns 68,585 shares of the company’s stock worth $6,212,000 after purchasing an additional 30,968 shares during the period. Millennium Management LLC lifted its holdings in shares of Kura Sushi USA by 1,334.5% during the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock valued at $9,906,000 after purchasing an additional 101,739 shares during the last quarter. Finally, Granahan Investment Management LLC boosted its position in shares of Kura Sushi USA by 16.4% in the 4th quarter. Granahan Investment Management LLC now owns 367,029 shares of the company’s stock valued at $33,245,000 after purchasing an additional 51,599 shares during the period. 65.49% of the stock is currently owned by institutional investors.

About Kura Sushi USA