Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii Sells 6,918 Shares

Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii sold 6,918 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the sale, the director now directly owns 1,313 shares of the company’s stock, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Kura Sushi USA Trading Up 7.1 %

KRUS stock opened at $78.74 on Wednesday. The firm has a market cap of $950.08 million, a P/E ratio of -115.79 and a beta of 1.84. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81. The business’s 50 day moving average is $94.45 and its 200-day moving average is $80.08.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. Sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently made changes to their positions in the company. 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 buying an additional 471 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Kura Sushi USA in the 3rd quarter worth approximately $237,000. Jennison Associates LLC grew its position in Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after acquiring an additional 1,292 shares during the last quarter. Rhumbline Advisers grew its position in Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after acquiring an additional 350 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Kura Sushi USA during the 2nd quarter valued at $521,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analyst Ratings Changes

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

About Kura Sushi USA