Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of "Moderate Buy" from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $86.00.

KRUS has been the topic of a number of recent research reports. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Benchmark lowered their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Barclays reduced their price objective on shares of Kura Sushi USA from $102.00 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday. Lake Street Capital upgraded shares of Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 target price for the company in a research note on Friday, February 21st. 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 on the stock.

Kura Sushi USA Stock Down 11.6 %

KRUS stock traded down $6.23 during midday trading on Monday, hitting $47.42. The company's stock had a trading volume of 587,007 shares, compared to its average volume of 191,429. Kura Sushi USA has a 52-week low of $45.24 and a 52-week high of $121.99. The firm has a 50-day simple moving average of $64.91 and a 200-day simple moving average of $82.01. The firm has a market capitalization of $572.17 million, a P/E ratio of -69.73 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the firm'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 transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its position in Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company's stock valued at $100,407,000 after purchasing an additional 390,688 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $24,063,000. Portolan Capital Management LLC boosted its stake in shares of Kura Sushi USA by 72.4% during the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after buying an additional 156,723 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Kura Sushi USA by 109.1% during the fourth quarter. Hood River Capital Management LLC now owns 201,806 shares of the company's stock worth $18,280,000 after buying an additional 105,316 shares during the last quarter. Finally, Millennium Management LLC grew 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 worth $9,906,000 after buying an additional 101,739 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile